Question

Record the following transactions in the Journal Proper of Sharvi Patel:

(i) Purchase furniture of ` 4,000 by giving goods of ` 4,500

(ii) Bill accepted and return to us against payable of ` 7,000 by Detvi.

(iii) ` 5000 payable to Bhagvandas for interest.

(iv) An amount of ` 2000 is receivable from Garbarddas, Which cannot be received now.​

Answer 1

Answer:

Explanation:

Detvi A/c Dr. 7000

To bills Payable 7000

Bhagvandas A/c Dr. 5000

Outstanding Intrest A/c. 5000

Cash receivable A/c. Dr. 2000

Gabbardass A/c. 2000