Pass the journal entries

1.	Pass the journal entries
Answer» Answer: . DRAWINGS a/c dr 30,000 To cash 20,000 To purchases 10,000 ( being cash of rs. 20,000 and goods worth rs. 10,000 WITHDRAWN by proprietor) . Goods distributed for charity a/c dr 50,000 To purchases 50,000 . Goods distribute as FREE sample a/c dr.25,000 To purchases 25000 . Cost embezzlement a/c dr. 70,000 To cash 20,000 To purchases 50,000 . Loss by fire a/c dr. 40,000 insurance claim RECEIVES a/c dr. 60,000 To goods destroy by fire 1,000,00 Explanation: Hope you like it

Answer»

Answer:

. DRAWINGS a/c dr 30,000

To cash 20,000

To purchases 10,000

( being cash of rs. 20,000 and goods worth rs. 10,000 WITHDRAWN by proprietor)

. Goods distributed for charity a/c dr 50,000

To purchases 50,000

. Goods distribute as FREE sample a/c dr.25,000

To purchases 25000

. Cost embezzlement a/c dr. 70,000

To cash 20,000

To purchases 50,000

. Loss by fire a/c dr. 40,000

insurance claim RECEIVES a/c dr. 60,000

To goods destroy by fire 1,000,00

Explanation:

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