Journalise the following transactions:
2022 (a) Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his official receiver. He owed a debt of 10,000
(b) Received cash for a bad debt written off last year 5,000
(c) Rent due to landlord 8,000
(d) Depreciation on office furniture 1,000
(e) Salaries due to staff 10,000
(f) Paid income tax 30,000
(g) Received commission ₹ 5,000, half of which is in advance.
(h) Bank levied bank charges 500
(i) Sold personal car for ₹ 1,00,000 and deposited the amount in firm’s account
Anurag Pathak Changed status to publish September 19, 2023
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