Journalise the following: (i) Received a V.P.P. from Mohan L

Journalise the following: (i) Received a V.P.P. from Mohan Lal for ₹ 25,000. Sent a peon to collect it who paid ₹ 200 as cartage. (ii) Received ₹ 1,000 from sales of old newspapers and ₹ 5,000 from sales of old chairs. (iii) Goods given away as charity goods costing ₹ 7,000. (iv) Received Cash from a debtor written off as bad-debt last year ₹ 20,000. (v) Sold goods costing ₹ 50,000 to Ashok on credit at a profit of 20% on cost. (vi) Sold goods costing ₹ 1,00,000 for ₹ 1,40,000. (vii) Provide ₹ 50,000 as interest on Capital. (viii) Paid rent of building ₹ 60,000 by cheque. Half the building is used by the proprietor for residential purpose. (ix) Outstanding salary at the end of the year ₹ 30,000.

Answer»

Journalise the following:

(i)	Received a V.P.P. from Mohan Lal for ₹ 25,000. Sent a peon to collect it who paid ₹ 200 as cartage.
(ii)	Received ₹ 1,000 from sales of old newspapers and ₹ 5,000 from sales of old chairs.
(iii)	Goods given away as charity goods costing ₹ 7,000.
(iv)	Received Cash from a debtor written off as bad-debt last year ₹ 20,000.
(v)	Sold goods costing ₹ 50,000 to Ashok on credit at a profit of 20% on cost.
(vi)	Sold goods costing ₹ 1,00,000 for ₹ 1,40,000.
(vii)	Provide ₹ 50,000 as interest on Capital.
(viii)	Paid rent of building ₹ 60,000 by cheque. Half the building is used by the proprietor for residential purpose.
(ix)	Outstanding salary at the end of the year ₹ 30,000.