15. Pass Journal Entries for the following transactions : 

  1. Provide depreciation on Furniture ₹5,000 and on Machinery ₹20,000.
  2. Received cash₹10,000 for bad-debts written off last year. 
  3. Ajay Singh was declared bankrupt. He owed ₹25,000 to us. Nothing could be recovered from his estate. 
  4. ₹2,00,000 for wages and ₹40,000 for salaries are outstanding. 
  5. Purchased furniture for ₹60,000 for the proprietor and paid the amount by cheque. 
  6. Provide 9% interest on capital amounting to ₹20,00,000. 
  7. 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

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