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Que 3 Prepare a journal entry of following transactions 1. Received cash for bad debts written off last year 525000 2. Goods worth 35000 distributed
Que 3 Prepare a journal entry of following transactions 1. Received cash for bad debts written off last year 525000 2. Goods worth 35000 distributed as charity. 3. Paid sundry expenses in cash 33000. 4. Interest on drawing 35000. 5. Carriage paid on sale of goods 2000. Interest received from Rohit by cheque 10000
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