CHAPTER 9: BOOK OF ORIGINAL ENTRY: MISCELLANEOUS ENTRIES , ANSWER TO ASSIGNMENT # 12, ASSIGNMENT #13
LEARNING OUTCOMES: Recording of Transactions with Specific Entries: After going through this lesson, you shall be able to understand the concept related to ' Entries for some specific transactions '. Miscellaneous Entries TASK # 2 TODAY WE WILL FIRST CHECK OUR ANSWERS TO THE ASSIGNMENT # 12 FOLLOWING TRANSACTIONS ARE BASED ON: BAD DEBTS, BAD DEBTS RECOVERED, OUTSTANDING EXPENSES, PREPAID EXPENSES, ACCRUED INCOME (UNEARNED INCOME), INCOME RECEIVED IN ADVANCE AND SOME OTHER PRACTICE ENTRIES AS DISCUSSED IN THE PREVIOUS CLASS. Journalise the following transactions in the books of Journal. 1.Z became insolvent and 40 paise in a rupee could be received for ₹ 8000 due, from his estate by cheque which is deposited into Bank. 2.Received ₹20000 from Subhash which was written off as bad debts in the previous year. 3. Salaries due to clerks ₹ 50000. 4. Out of the rent paid this year, ₹10,000 is related to next year. 5. ₹10,000 due from Roh...