Journalise the following transactions: Shyam became insolvent. Compensation of 75 paise in a rupee was received from his official Receiver. He owed us 10,000
Journalise the following transactions:
| (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. |
Anurag Pathak Changed status to publish September 21, 2023
