Journalise the following transactions in the Journal of a firm:
Journalise the following transactions in the Journal of a firm
(i) Car purchased for business use ₹10,000.
(ii) Cash received from a debtor ₹ 5,000 whose account was written off as bad debts during the last month.
(iii) Goods costing 16,000 were sold at a profit of 20% on sale price to Amrita and
allowed 10% discount on immediate payment. (iv) Cash embezzled by an employee 2,000.
(v) A machine which stood in the books for ₹ 85,000 on 1st April, 2019 was sold for 51,000 in exchange for a new machine costing 1,76,000 supplied by V. K. Suppliers on 1st June, 2019.
(vi) Cash of 24,000 invested in shares of SAIL & payment made through bank.
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