10. Pass Journal entries for the following adjustment on 31st March, 2024:
(i) Interest due but not received ₹10,000.
(ii) Salaries due to staff ₹50,000.
(iii)) Out of the rent paid this year, ₹5,000 is for the next year.
(iv) Provide 10% depreciation on Furniture costing ₹1,00,000.
(v) Goods used in making Furniture (Sales Price ₹5,000; Cost ₹4,000).
(vi) Received commission of ₹20,000 by cheque, half of which is in advance.
(vii) Allow interest on capital ₹8,000.
(viii) Charge interest on drawings ₹1,500.
T.S.Grewal/2024 Edition/Practical Problems/Q-10
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.