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9. Journalise the transactions given below.(i) A sum of 5.000 is received from Akbar against a debt previously writen off.(ii) Goods worth 2,000 lost by theft insurance company admits claim in full,(iii) Amount of 600 due from Salim writen off as a bad debt.(iv) A cheque for 1,500 received from a customer is dishonoured.(v) Arvind who owes * 2,500 pays * 2.250 in full settlement.10. Give journal entires for the following |
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Answer» Answer: i. cash Dr. 5,000 ii. Goods lost by theft Dr. 2,000 To Purchase a/c 2,000 cash Dr. 2,000 To Goods lost by theft 2,000 iii. Bad debts - Dr 600 To Salim 600 iv. Customer Dr 1500 To Bank 1500 v. Bank Dr 2250 Discount allowed Dr250 |
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