Show how the following adjustments are to be shown in the final accounts: Adjustments (i) Wages due
Question:
Show how the following adjustments are to be shown in the final accounts:
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.
Transcribed Image Text:
Wages Salary Insurance Premium Commission Received Interest Received Trial Balance for the year ending March 31, 2010 Particulars Amount (²) 1,39,000 1,52,000 78,000 20,000 50,000
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