Record the following Transactions in Shyam’s
Journal :
2020
1 April Shyam commenced business with
rs 50,000, out of which he himself
contributed rs 30,000 and has taken
a loan of rs 20,000 from bank.
2020
7 April - Purchase goods of rs 20,000, out of
these goods amounting to rs 14,000 is
insured. Goods amounting to rs 3,000
is burnt by fire out of the insured
goods, but the loss is only rs 2,500.
Insurance company accepted this
claim and made the payment.
15 April - An order of goods for rs 3,000 is
received from Ram.
18 April - Shyam ask his supplier Durga to
send the goods to Ram according to
his order.
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