Record the following transactions in the Journal Proper of Sharvi Patel: (i) Purchase furniture of ` 4,000 by giving goods of ` 4,500(ii) Bill accepted and return to us against payable of ` 7,000 by Detvi.(iii) ` 5000 payable to Bhagvandas for interest.(iv) An amount of ` 2000 is receivable from Garbarddas, Which cannot be received now.

Record the following transactions in the Journal Proper of Sharvi Pate

1.	Record the following transactions in the Journal Proper of Sharvi Patel: (i) Purchase furniture of ` 4,000 by giving goods of ` 4,500(ii) Bill accepted and return to us against payable of ` 7,000 by Detvi.(iii) ` 5000 payable to Bhagvandas for interest.(iv) An amount of ` 2000 is receivable from Garbarddas, Which cannot be received now.
Answer» EXPLANATION:Detvi A/c Dr. 7000 To bills Payable 7000 Bhagvandas A/c Dr. 5000 OUTSTANDING INTREST A/c. 5000 Cash receivable A/c. Dr. 2000 Gabbardass A/c. 2000

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