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8.4                                                    Double Entry Book Keeping—CBSE XI


                       21.  For abnormal loss of goods (Fire/Stolen)   Bank A/c (Insurance claim received)   ...Dr.
                                                                    Or
                                                              Insurance Claim A/c (Insurance claim admitted)   ...Dr.
                                                              Abnormal Loss A/c (Insurance claim not admitted)   ...Dr.
                                                                 To  Purchases A/c



                                                   Solved Questions

                       1 Journalise the following transactions in the books of Gupta Bros.:

                     Date     Particulars                                                           `
                     2024
                     March  1  Started business with cash ` 30,000; goods ` 15,000 and furniture ` 20,000

                     March  2  Paid into bank                                                      20,000
                     March  3  Bought goods from Mohan Bros. on credit                              7,000
                     March  4  Sold goods to Goyal Bros. on credit                                  6,000
                     March  5  Bought a vehicle for delivering goods to customers                  10,000

                     March  7  Received from salesman for goods sold by him after deducting commission ` 150   3,000
                     March  9  Drawn a cheque for ` 800 for personal use
                     March  10  Goyal Bros. gave cheque; deposited in the bank                      6,000
                     March  11  Paid to Mohan Bros. by cheque                                       6,700
                             Discount allowed by him                                                 300
                     March  13  Paid for repairs of furniture                                        200

                     March  13  Received an order for goods from Mahesh                             5,000
                     March  14  Sold old newspapers                                                   80
                     March  15  Interest received from bank                                          400
                     March  16  Paid ` 300 for expenses on goods sold to Goyal Bros. This amount to be realised from Goyal Bros.

                     March  19  Bought goods from Sohan Lal & Sons                                   400
                             Paid cartage on these goods                                              50

                     March  20  Bank intimates that the cheque of Goyal Bros. has been returned dishonoured
                     March  21  The vehicle bought on March 5 met with an accident resulting in complete loss. Its salvage was sold for ` 500
                     March  22  Paid rent by cheque                                                  600
                     March  23  Salaries for the month of February remain unpaid                     300
                     March  25  Paid Municipal taxes in cash                                         800

                     March  31  Depreciation charged on furniture @ 10%
                             Received an order for goods ` 5,000 from Shyam and received ` 1,000 as advance
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