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12. Give Journal entries for the …

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12. Give Journal entries for the following: (i) Goods worth Rs.400 were given as charity out of business. (ii) Received cash Rs.500 of a bad debt written off last year. (iii) Interest charged on drawings @5%. Total drawings were Rs.10,000. (iv) Life insurance premium paid Rs.600. (v) Received Rs.975 from Mohan in full settlement of his account of Rs.1,000. (vi) Received a first and final dividend of 60 paise in a rupee from the official receiver of Mr. Vinod, who owed us Rs.1000.

Posted by Manpreet Singh 2 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Anushka Sharma 2 years, 9 months ago

(1)charity A/c Dr To purchases a/c (2) cash a/c Dr To bad debt a/c (3)Interest on drawings A/c. Dr To Drawings (4)Drawings Dr To cash a/c (5)cash A/c. Dr To discount allowed a/c To Mohan

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