Journalise the following:− 2017 March 4 Pur

Journalise the following:− 2017 March 4 Purchased building for ₹ 1,50,000 and incurred expenses of ₹ 10,000 on its purchase. March 10 Satish who owed us ₹ 20,000 is declared insolvent and 60 paise per ₹ is received from his estate. March 15 Paid ₹ 500 for repairing the office furniture. March 18 Proprietor withdrew for his personal use cash ₹ 5,000 and goods worth ₹ 2,000. March 20 Purchased the following items for business: Iron Safe ₹ 15,000; Filing Cabinet ₹ 5,000; Computer ₹ 12,000; Postage ₹ 200 and Stationery ₹ 150. March 28 Paid electricity charges ₹ 1,600. March 31 Charge depreciation on Machinery 10% for one year (Machinery ₹ 75,000). March 31 Outstanding wages at the end of the year ₹ 6,000.

Answer» Journalise the following:−

2017
March 4		Purchased building for ₹ 1,50,000 and incurred expenses of ₹ 10,000 on its purchase.
March 10		Satish who owed us ₹ 20,000 is declared insolvent and 60 paise per ₹ is received from his estate.
March 15		Paid ₹ 500 for repairing the office furniture.
March 18		Proprietor withdrew for his personal use cash ₹ 5,000 and goods worth ₹ 2,000.
March 20		Purchased the following items for business:
		Iron Safe ₹ 15,000; Filing Cabinet ₹ 5,000; Computer ₹ 12,000; Postage ₹ 200 and Stationery ₹ 150.
March 28		Paid electricity charges ₹ 1,600.
March 31		Charge depreciation on Machinery 10% for one year (Machinery ₹ 75,000).
March 31		Outstanding wages at the end of the year ₹ 6,000.