5. Dawson, a businessman, has invested on 1-4-2000 Rs. 10,000 in Government securities
on which he gets a net interest of 6% p.a. after 31st March every year. His accounts
are closed on 31st December every year. Find out the interest earned by him but not
yet received and show by means of journal entry the necessary adjustment.
Ans : Accrued interest Rs. 450)
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Show necessary entries to adjust the following on 31st December, 2017.
(i) Outstanding salaries Rs 1,200 (ii) Prepaid insurance premium Rs 450
(iii) Interest on investments accrued Rs400
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