CBSE Class 11-commerce Answered

Date

Particulars

L.F.

Dr.

Rs.

Cr.

 Rs.

2016

May 2

Loss by Fire A/c                                Dr.

10,000

To Purchases A/c

10,000

(Being uninsured goods lost in fire )

May 3

Drawings A/c                                     Dr.

2,500

To Purchases A/c

2,500

(Being goods withdrawn for personal use)

May 4

 Income Tax A/c                                Dr.

4,000

To Cash A/c

4,000

(Being income tax paid) 

May 5

Interest on Capital A/c                      Dr.

500

To Capital A/c

500

(Being interest on capital paid)