Question

Adjustment:
(i) Closing stock Rs. 34,000
(ii) Rent is paid for 10 months
(iii) Wages outstanding Rs. 1,500 and salary outstanding 2,000
(iv) Depreciation on furniture and machinery by 10% p.a.
(v) Interest in investment is accrued @ 8% p.a.
(vi) Manager is entitled to 10% commission on net profit before charging his commission​

Answer 1

Answer:

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