Question 18 Marks

Record the following in the Journal Proper of Shri Amarnath.

$2014$
Oct.	$1$	Gave goods of $Rs. 1500$ in charity.
	$2$	Distributed goods of $Rs. 3000$ as free samples.
	$3$	Took goods of $Rs. 2500$ from the business for personal use.
	$4$	A bill of $Rs. 4000$ accepted by Priyanka, was dishonoured on the maturity date.
	$5$	An amount of $Rs. 3500$ receivable from Naresh cannot be collected from him.
	$6$	A bill of $Rs. 2000$ endorsed in favour of Pankaj against debt of $Rs. 2050.$
	$7$	Goods of $Rs. 5000$ were destroyed by fire, for which the insurance company accepteda claim of $Rs. 4000.$
	$8$	Purchased a furniture of $Rs. 8000$ against the goods costing $Rs. 7000.$

Answer

Journal Proper of Shri Amarnath
Dt./No.	Particulars		L.	Debit	Credit
			F.	(Rs.)	(Rs.)
$1$	Charity A/c	Dr.		$1500$
	To Purchase A/c				$1500$
	$[$Being goods of $Rs. 1500$ given in charity$.]$
$2$	Advertisement expense A/c	Dr.		$3000$
	To Purchase A/c			$3000$
	$[$Being goods of $Rs. 3000$ given as free samples$.]$
$3$	Drawings A/c	Dr.		$2500$
	To Purchase A/c				$2500$
	$[$Being goods of $Rs. 2500$ withdrawn for personal use.$]$
$4$	Priyanka's A/c	Dr.		$4000$
	To Bill receivable A/c				$4000$
	$[$Being Priyankas bill of $Rs. 4000$ dishonoured$.)$
$5$	Bad debts A/c	Dr.		$3500$
	To Naresh's A/c				$3500$
	$[$Being bad debts of $Rs. 3500.)$
$6$	Pankaj's A/c	Dr.		$2050$
	To Bills receivable A/c				$2000$
	To Discount received A/c				$50$
	$[$Being bill of $Rs. 2000$ endorsed to Pankaj.$]$
$7$	Insurance company's A/c	Dr.		$4000$
	Loss by fire A/c	Dr.		$1000$
	To Purchase A/c				$5000$
	$[$Being goods of $Rs. 5000$ destroyed by fire and insurance company accepted a claim of $Rs. 4000]$
$8$	Furniture A/c	Dr.		$7000$
	To Purchase A/c				$7000$
	Being goods of $Rs. 7000$ given for purchase of a furniture of $Rs. 8000)$
	Total			28,550	28,550

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