Make adjustment entries for the following in the books of A on 31st-Ma

1.	Make adjustment entries for the following in the books of A on 31st-March,2012 : (i) Closing Stock Rs 50,000. (ii) Outstanding wages Rs 2,000 and Outstanding salaries Rs 3,000. (iii) Interest on Capital ₹ 4,800, and Interest on Drawings Rs 1,200.
Answer» Make adjustment entries for the following in the books of A on 31st-March,2012 : (i) Closing Stock Rs 50,000. (ii) Outstanding wages Rs 2,000 and Outstanding salaries Rs 3,000. (iii) Interest on Capital ₹ 4,800, and Interest on Drawings Rs 1,200.

Make adjustment entries for the following in the books of A on 31st-March,2012 : (i) Closing Stock Rs 50,000. (ii) Outstanding wages Rs 2,000 and Outstanding salaries Rs 3,000. (iii) Interest on Capital ₹ 4,800, and Interest on Drawings Rs 1,200.

Answer»

Make adjustment entries for the following in the books of A on 31st-March,2012 :

(i) Closing Stock Rs 50,000.

(ii) Outstanding wages Rs 2,000 and Outstanding salaries Rs 3,000.

(iii) Interest on Capital ₹ 4,800, and Interest on Drawings Rs 1,200.