Journalise the following transactions in the books of Mohan Singh, Delhi:
(i) Raj of Alwar, Rajasthan who owed Mohan Singh Rs. 25,000 became insolvent and received 60 paise in a rupee as full and final settlement.
(ii) Mohan Singh owes to his landlord Rs. 10,000 as rent.
(iii) Charge depreciation of 10% on furniture costing Rs. 50,000.
(iv) Salaries due to employees Rs. 20,000.
(v) Sold to Sunil goods in cash of Rs. 10,000 less 10% trade discount plus CGST and SGST @ 6% each and received a net of Rs. 8,500.
(vi) Provided interest on capital of Rs. 1,00,000 @ 10% per annum.
(vii) Goods lost in theft – Rs. 5,000, which were purchased paying IGST @ 12% from Alwar, Rajasthan.
Hint:
(vii) Loss of Stock by Theft A/c – Rs. 5,600
To Purchase A/c – Rs. 5,000
To Input IGST A/c – Rs. 600
