Question

An examination of the records of Rima Ltd. provides the following information at the end of 2010:
Accrued Revenue
Illustration :
Revenue Under Stated
Assets Under Stated
(1) Interest has been earned but not collected total Tk. 2,400.
(2) Unearned commission has become earned of Tk. 1,500.
(3) Prepaid insurance of Tk. 1,200 has expired.
(4) Interest on loan accrued and unpaid Tk. 200.
(5) Bad debts are to be estimated at 4% on sales (Sales Tk. 1,00,000).
(6) Depreciation on office furniture for the year Tk. 2,000.
(7) Advertising supplies of Tk. 1,000 have been used.
Required :
(i) Prepare the adjusting entries to record the above transactions;
(ii) Reversing Entries.

Solution:
Rima Ltd.
General Jernal (Adjusting Entries)
ate Account Titles and Explanations Ref. Debit Taka Credit Taka
010​

Answer 1

Answer:

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