Question

Transactions Relating to Goods
8. Pass necessary Journal entries for the following transactions:
2020
April
1 Goods withdrawn by owner of 1,000 for personal use.
April 2 Goods distributed as sample
Apni 3 Goods Given as Charity
April
4 Timber used for making office furniture 75.000 (Assume that the firm is a timber merchant)
April 5 Goods destroyed by fire
April 6 Goods lost in transit..​

Answer 1

Answer:

April 1 Drawings A/c Dr. 1000

To Purchase A/c 1000

April 2 Advertisement A/c Dr.

To Purchase A/c

April 3 Charity A/c Dr.

To Purchase A/c

April 4 Furniture A/c Dr. 75000

To Purchase A/c 75000

April 5 Loss by Fire A/c Dr.

To Purchase A/c

April 6 Loss by Accident A/c Dr.

To Purchase A/c

Answer 2

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