Question

Record the following transactions in the Journal proper of Rakesh.

1. Gave goods of ₹ 5,000 to Anath Ashram.

2. Distributed goods of ₹ 4,000 free samples.

3. Write off depreciation on machinery ₹ 800.

4. Salary for the month of March is unpaid ₹ 7,800​

Answer 1

1. Charity Dr 5000

To Purchase Cr. 5000

(Being Goods gave in charity.)

2. Free Shample. Dr. 4000

To Purchase Cr. 4000

(Being Goods distributed as free Shample.)

3. Depreciation. Dr 800

To Machinery Cr. 800

(Being machinery written off by depreciation.)

4. Salary. Dr. 7800

To O/s Salary Cr 7800

(Being salary of March month is dua.)