timer Asked: Apr 16th, 2020

Question Description

Post the following items in the Profit and Loss Account and Balance sheet Stationary expenses Rs.600

Outstanding expenses Rs.400

Rent outstanding Rs.2000

Interest received Rs. 1000

Depreciation on building Rs.600

Adjustments: Debtors for the year Rs. 150,000; provision for bad-debts @ 3% Salaries for the year Rs.12,00,000; Salaries outstanding for 1month

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