Prepare Journal from the transactions given below :
(a) Cash paid for installation of machine 500
(b) Goods given as charity 2,000
(c) Interest charge on capital @7% p.a. when total 70,000 capital were
(d) Received 1,200 of a bad debts written-off last year.
(e) Goods destroyed by fire 2,000
(f) Rent outstanding 1,000
(g) Interest on drawings 900
(h) Sudhir Kumar who owed me 3,000 has failed to pay the amount. He pays me a compensation of 45 paise in a rupee.
(i) Commission received in advance 7,000

Journalise the following transactions: (i) Rs. 5,000 due from Ramesh are irrecoverable. (ii) Sohan is declared insolvent. Received from his Official Receiver 60 paise in a rupee on a debt of Rs. 10,000. (iii) Received cash for a bad debt written of last year Rs. 700.

Prepare accounting equation from the following : (a) Started business with cash Rs. 50,000 and goods Rs.30,000. (b) Purchased goods for cash Rs. 30,000 and on credit from Karan Rs. 20,000. (c ) Goods costing Rs.40,000 were sold for Rs. 55,000 for cash. (d) Withdrew cash for personal use Rs. 10,000. (e) Rent outstanding Rs.2,000.

Journalise the following transactions: (i) Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. He owed us 10,000 (ii) Received cash for bad debts written off last year. 5,000 (iii) Rent due to landlord. 8,000 (iv) Salaries due to clerks. 10,000 (v) Placed an order with Rakesh Mohan for the supply of goods of the list price of Rs. 1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque.

Jouranlise the following transactions in the books of Harpreet Bros (a)1,000 due from Rohit are now bad debts. (b) Goods worth 2,000 were used by the proprietor. (c) Charge depreciation @ 10% p.a for two month on machine costing30,000. (d) Provide interest on capital of 1,50,000 at 6% p.a. for 9 months. (e) Rahul become insolvent, who owed is 2,000 a final dividend of 60 paise in a rupee is received from his estate.

Journalise the following in the books of Amit, Saini, Gurugram (Haruana): (i) Goods of Rs. 5,000 were taken by him for personal use. (ii) Rs. 2,000 due from Sohan were bad debts. (iii) Goods of Rs. 6,000 were destroyed by fire and were not insured. (iv) Paid Rs. 4,000 in cash as wages on installation of machine. (GST is not to be levied). (v) Sold goods to Arjun of Delhi of list price Rs. 20,000. Trade discount @ 10% and cash discount of 5% was allowed. He paid the amount on the same day and availed the cash discount. (vi) Received Rs. 2,000 from Ramesh, whose account was written off as bad debts. (vii) Goods costing Rs. 1,000 given as charity. (viii) Received Rs. 9,750 from Ramesh in full settlement of his account of Rs. 10,000. (ix) Paid rent in advance Rs. 4,000. CGST and SGST is to be levied on intra-state sale @ 6% each and IGST @ 12% on inter-state sale.