Journal Entry 
Chapter - 4
Question - 34 

Pass the necessary journal entries in the books of Iron Merchant Jaishree Gupta for the following transaction :
  1. Purchased business for Rs. 90,000.
  2. Purchased machinery from Mohan brothers Kolkata for Rs. 15,000 on which they paid Rs. 150 freight on our behalf.
  3. The erection charge of machinery amounted to Rs. 450.
  4. A cashier has stolen Rs. 700 and now he is absconding.
  5. Goods worth Rs. 50 were distributed as sample, free of charge.