12th BOOK KEEPING BY AJAYSANTHOSH MOURYA
Illustration : 2
Pass necessary adjusting entries
for the following adjustments:
1. Interest charged on drawings
Rs.5,000
2. Interest on loan outstanding
Rs.3,000
3. Depreciation at 10% is to be
charged on Machinery Rs.3,00,000.
4. Write off bad debts Rs.2,000
5. To provide provision for Bad
& doubtful debts at 2% on Sundry debtors Rs.60,000
6. To provide Provision for
discount on creditors at 2% on Sundry Creditors worth Rs.1,00,000
No comments:
Post a Comment