15. Pass Journal Entries for the following transactions :
- Provide depreciation on Furniture ₹5,000 and on Machinery ₹20,000.
- Received cash₹10,000 for bad-debts written off last year.
- Ajay Singh was declared bankrupt. He owed ₹25,000 to us. Nothing could be recovered from his estate.
- ₹2,00,000 for wages and ₹40,000 for salaries are outstanding.
- Purchased furniture for ₹60,000 for the proprietor and paid the amount by cheque.
- Provide 9% interest on capital amounting to ₹20,00,000.
- Charge interest on drawings ₹10,000.
D.K.Goel/2024 Edition/Practical Questions/Q-15
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company