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Journalize the following transaction. a. Goods …

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Journalize the following transaction. a. Goods for Rs. 50,000 were destroyed by fire. b. Outstanding wages Rs. 3,000. c. Out of Insurance premium paid this year, 1,500 is related to next year. d. Bought goods for cash of the list price of Rs. 50, 000 at 20% trade discount and 5% cash discount e. Mukesh, who owed us Rs. 1,000 is declared insolvent and 60 paisa in the rupee is received as final dividend from his estate. f. Charge interest on drawing Rs. 500. 8

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CBSE > Class 11 > Accountancy

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