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.

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