24. Journalise the following transactions:
| 2024 | ₹ | |
|---|---|---|
| (i) | Shyam became insolvent. Compensation of 75 paise in a rupee was received from his Official Receiver. He owed us | 10,000 |
| (ii) | Received cash from Ramesh whose account was written off last year as bad debt | 5,000 |
| (iii) | Rent due to landlord | 8,000 |
| (iv) | Salaries due to staff | 10,000 |
| (v) | Placed an order with Rakesh for supply of goods of the list price of ₹1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque. | |
| (vi) | Supplied goods costing ₹3,600 to Sanjay. Issued invoice at 20% above Cost less 10% Trade Discount. | |
| (vii) | Paid ₹1,000 in cash to Radhey for outstanding bill for printing. |
T.S.Grewal/2024 Edition/Practical Problems/Q-24
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.