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Journal Entry
10. Cash withdrawn from bank for office use Rs. 2000
a) This is not our expenses, but this is increase our current asset
and its name is debtor, so we will apply what comes in rule on it.
a) Goods lost by fire are the loss of business, so loss by fire account
will be debited.
26. Interest on loan due but not paid in cash. Rs. 500
30. Cash received from a debtor in full settlement (When cash discount is
allowed). Amount receivable from Dev Raj Rs. 1600, received from him Rs.
1570.