Show how the following adjustments are to be shown in the final accounts: Adjustments (i) Wages due

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Show how the following adjustments are to be shown in the final accounts:

Wages Salary Insurance Premium Commission Received Interest Received Trial Balance for the year ending March

Adjustments
(i) Wages due but not paid so far ₹21,000
(ii) Insurance premium paid on January 1, 2010 is for twelve month-period
(iii) Commission earned but not received so far ₹13,000
(iv) Interest received includes ₹9,000 relevant for next financial year.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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