Q13. Journalise the following transactions:
Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash.
Goods Costing Rs.5000 was burnt by fire.
Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation.
Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-.
Prepaid Salary Rs2000/-
Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
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Answer / Sudhir Kumar Keshari
Dr. Bank: Rs.4000/- (Withdrawal for private use)nCr. Cash: Rs.6000/-nDr. Goods Account: Rs.5000/- (Loss due to fire)nDr. Machinery Account: Rs.150,000/-nDr. Installation Expense: Rs.2000/-nCr. Depreciation on Building: Rs.10,000/- (5% of Rs.200,000)nCr. Depreciation on Furniture: Rs.400/- (8% of Rs.5000)nDr. Salary Payable: Rs.2000/-nDr. Kapil's Account: Rs.20,000/-(Debit for insolvency loss)
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