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Give Journal entries for the following adjustments in final accounts:

(i) Salaries ₹ 5,000 are outstanding.

(ii) Insuarnce amounting to ₹ 2,000 is paid in advance

(iii) ₹ 4,000 for rent have been received in advance.

(iv) Commission earned but not received ₹ 1,000.

(v) Interest on Capital ₹ 1,500.

(vi) Interest on Drawings ₹ 300.

(vii) Write off ₹ 2,000 as further debts.

(viii) Closing Stock ₹ 3,000.

Anurag Pathak Answered question 33 seconds ago
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