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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​

Answer»

Answer:

i. cash Dr. 5,000

To Bad DEBTS RECOVERED 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

To ARVIND 2500



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