PRACTICE ASSIGNMENT # 17, ANSWERS TO ASSIGNMENT # 16
TASK # 1 DO THE ASSIGNMENT GIVEN BELOW FOR PRACTICE. ASSIGNMENT # 17 JOURNALISE THE FOLLOWING TRANSACTIONS: REMEMBERING THE STEPS TO JOURNALISE: 1. Cheque received from Ravi 5,000 and allowed discount 1,000. 2. Ravi's Cheque endorsed to Sunil in full settlement of Rs 5,500. 3. Ravi's Cheque dishonoured (Bounced). 4. Customer's taxi fare paid Rs. 1,000, as customer lost his purse. 5. 500 due from Amrit are Bad Debts. TASK # 2 CHECK THE ANSWERS TO THE ASSIGNMENT # 16 1 Purchased goods costing Rs. 50,000 in Rs. 60,000 from Lakshma...