1.

Journalise the following transactions in the books of Mohan, Delhi:(i) Raj of Alwar, Rajasthan who owed Mohan ₹ 25,000 became insolvent and received 60 paise in a rupee as full and final settlement.(ii) Mohan owes to his landlord ₹ 10,000 as rent.(iii) Charge depreciation of 10% on furniture costing ₹ 50,000.(iv) Salaries due to employees ₹ 20,000.(v) Sold to Sunil goods in cash of ₹ 10,000 less 10% trade discount plus CGST and SGST 6% each and received a net of ₹ 8,500.(vi) Provided interest on capital of ₹ 1,00,000 10% per annum.(vii) Goods lost in theft ₹ 5,000, which were purchased paying IGST 12% from Alwar, Rajasthan.[Hint:] (vii) Loss of Stock by Theft A/c ... Dr. ₹ 5,600 To Purchase A/c ₹ 5,000 To Input IGST A/c ₹ 600 ​

Answer» Journalise the following transactions in the books of Mohan, Delhi:

(i) Raj of Alwar, Rajasthan who owed Mohan ₹ 25,000 became insolvent and received 60 paise in a rupee as full and final settlement.

(ii) Mohan owes to his landlord ₹ 10,000 as rent.

(iii) Charge depreciation of 10% on furniture costing ₹ 50,000.

(iv) Salaries due to employees ₹ 20,000.

(v) Sold to Sunil goods in cash of ₹ 10,000 less 10% trade discount plus CGST and SGST 6% each and received a net of ₹ 8,500.

(vi) Provided interest on capital of ₹ 1,00,000 10% per annum.

(vii) Goods lost in theft ₹ 5,000, which were purchased paying IGST 12% from Alwar, Rajasthan.

[Hint:]
























(vii) Loss of Stock by Theft A/c ... Dr. ₹ 5,600
To Purchase A/c ₹ 5,000
To Input IGST A/c ₹ 600

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