Question

ser
FBC
Journalise the following:
(i) Cash withdrawn by the proprietor for personal use * 2,000.
(ii) Goods purchased for 5,000 were taken by the proprietor for personal use.
(iii) * 200 due from Hari are bad debts.
(iv) Goods uninsured of 3,000 (purchase cost) were destroyed by fire.
(u) Goods costing 1,000 damaged by fire and Insurance Company accepted claim
of * 800 and cheque is received from the Insurance Company.
(vi) Goods costing 500 given as charity (Sales Price 600).
(vii) Sold household furniture for 5,000. The proceeds were invested into business.
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Answer 1

Answer:

drawing a/c Dr 2000

to cash a/c 2000

drawing a/c Dr 5000

to purchase a/c 5000

bad debt a/c Dr 200

to hari 200

loss by fire a/c Dr 3000

to purchase a/c 3000

I don't know of 5

charity a/c Dr 500

to purchase a/c 500

I think tha ans of 7 is......... drawing a/c Dr 5000

to capital a/c 5000...

I am not conform.......

Answer 2

Answer:

Explanation:

1. Drawings a/c. Dr. 2000

To cash a/c. 2000

2. Drawings a/c. Dr. 5,000

To purchases a/c. 5,000

3. Bad debts a/c. Dr. 200

To Hari a/c. 200

4. Loss by fire a/c. Dr. 3000

To purchases a/c. 3000

5. Insurance claim a/c. Dr. 800

Loss by theft a/c. Dr. 200

To bank a/c. 1000

6. Charity a/c. Dr. 500

To purchase a/c. 500

7. Furniture a/c. Dr. 5000

To sales a/c. 5000

Hope it helps you.