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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Journalise the following transactions:
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| (i) | Cash A/c Dr. Bad Debts A/c Dr. To Shyam's A/c (Being Shyam insolvent; received 75 paise per rupee on debt ₹10,000) | 7,500 2,500 | 10,000 | |
| (ii) | Cash A/c Dr. To Bad Debts Recovered A/c (Being cash received from Ramesh for bad debts written off last year) | 5,000 | 5,000 | |
| (iii) | Rent A/c Dr. To Outstanding Rent A/c (Being rent due to landlord) | 8,000 | 8,000 | |
| (iv) | Salary A/c Dr. To Outstanding Salary A/c (Being salaries due to staff) | 10,000 | 10,000 | |
| (v) | Advance to Rakesh Mohan A/c Dr. To Bank A/c (Being 10% advance paid by cheque for goods order of ₹1,00,000) | 10,000 | 10,000 | |
| (vi) | Sanjay's A/c Dr. To Sales A/c (Being goods supplied to Sanjay at cost ₹3,600 + 20% = ₹4,320; less 10% TD = ₹3,888) | 3,888 | 3,888 | |
| (vii) | Outstanding Printing Bill A/c Dr. To Cash A/c (Being outstanding printing bill paid to Radhey) | 1,000 | 1,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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