Saved Bookmarks
| 1. |
Consider the following transactions of Mr. Husain: a. Husain started business with cash balance Rs. 10,000, baned business with cash balance Rs. 10,000, bank balance Rs. 1,50,000 and stock ofgoods Rs. 50,000b. Purchased additional goods of Rs. 40,000 from Mr. Bajracharyac. Fire occurred in godown anddestroyed goods ofOccurred in godown and destroyed goods of Rs. 25,000 but insurance company admitted only 2/5 of the claim.d. Purchased computer of Rs. 25,000 from Sagar Computer Suppliers.e. Issued cheque of Rs. 38,500 to Mr. Bajracharya for full settlement of the account.Required: Prepare journal entries in the book of Mr. Husain |
| Answer» E's your answer B. PURCHASES A|c ....dr 40,000 To MR bajracharya A|c 40,000C. Loss of Stock By fire A|c...dr 25,000 To Purchases A|c 25,000Insurance company A|c....dr (2/5)Loss Stock by Fire A|c...dr (25000-2/5)To Purchases A|c 25,000D. Computer A|c.....dr 25,000To SAGAR computer A|c 25,000I hope this helped you. Please mark BRAINLIEST. | |