4) Prepare the journal from the transactions given below:
i. Rent outstanding Rs.5,000.
ii. Received interest on loan from the debtor Rs.25,000.
iii. Provided interest on capital (Rs.50,000) at 6% for six months.
iv. Received Rs.780 from Surinder in full settlement of debt to his account for Rs.800.
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Explanation:
outstanding Rs.5,000.
ii. Received interest on loan from the debtor Rs.25,000.
iii. Provided interest on
capital (Rs.50,000) at 6% for six months.
iv. Received Rs.780 fro
m Surinder in full settlement of debt to hi
s account for Rs.800
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