Journal Entry 
Chapter - 4 
Question - 38

Enter the following transactions in the journal of Deshraj & company Raipur :
  1. Withdrew goods for personal use whose cost price was Rs. 500 and selling price was Rs. 700.
  2. Goods costing Rs. 500 were donated.
  3. Received Rs. 975 from Jairam in full settlement of his account Rs. 1,000.
  4. Cheque received from Nanda Rs. 4,000 deposited.