Question

Journalise the following transactions : 

i. Deposited cash into bank Rs.80,000. 

ii. Paid salary Rs.46,000. 

iii. Withdrew from the bank Rs.50,000 for office use. 

iv. Withdrew from the bank Rs.30, 000 for private use. 

v. Charged interest on capital Rs.1,25,000. 

vi. Mahendra became insolvent. Only Rs.30,000 could be realised from him.

Answer 1

Here, as the total amount due from Mahendra is not given we assueme that the amount due from mahendra is Rs.50,000