Question No 16 Chapter No 8

Question No 16 Chapter No 8

16. Enter the following transaction in Journal Proper of Geeta Trader:

  
(a)Rent not paid (Rent outstanding) Rs 1,000
(b)Goods are withdrawn by the proprietor for personal use Rs 5,000
(c)Purchase of machinery on credit for Rs 10,000 from Ram Sons
(d)Depreciate motor car with book value Rs 1,00,000 @10% p.a for one year

The solution of Question No 16 Chapter No 8: –

In the Books of Radhika Traders
DateParticulars
L.F.DebitCredit
2019     
(a)Rent A/cDr. 1,000 
 To Outstanding Rent A/c   1,000
 (Being Rent due but not paid .)   
      
(b)Drawing A/cDr. 5,000 
 To Purchases A/c  5,000
 (Being goods withdrawn by owner)   
     
(c)Machinery A/cDr. 10,000 
 To Ram Sons A/c   10,000
 (Being machinery purchased on credit )    
      
(d)Depreciation A/cDr. 10,000 
 To Motor Car A/c   10,000
 (Being Depreciation charged on Motor Car)    
     

 

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