EXPENSES/INCOMES OF PAST, PRESENT AND FUTURE
19.Journalise the following transactions in the books of Dhoni:
2011
Apr. 1
Salaries paid by cheque # 6,000.
Apr. 2
Salaries due but not paid 7 3,000.
Apr. 5
Interest received + 5,000.
Apr. 6
Interest due but not received 1,500.
Apr. 10 Commission paid for the current year * 4,500.
Apr. 11 Commission paid for the next year 7 4,000.
Apr. 12 Commission of last year paid + 3,500.
Apr. 16 Rent of current year received + 6,806.
Apr. 17 Rent of next year received * 7,800.
Apr. 18 Rent of last year received + 8,800.
Answers
Answer:
If A and B are two sets, then
(A - B) intersection (B - A) = AΔB.
state whether it's true or false with reason
Answer:
Explanation:
01.04.2011 Salaries A/c Dr 6000.00
To Bank A/c 6000.00
(Being salary paid by cheque)
02.04.2021 Salaries A/c Dr 6000.00
To Outstanding salary A/c 6000.00
(Being salary due but not paid)
2011
April 5, Cash A/c Dr 5,000.00
To Interest A/c 5,000.00
(Being interest received in cash)
If received through cheque or credited directly in the account the, Bank account will be debited)
April 6, Accrued Interest A/c Dr 1,500.00
To Interest A/c 1,500.00
(Being interest due but not received)
April 10, Commission A/c Dr 4,500.00
To Cash/Bank A/c 4,500.00
(Being Commission paid)
April 11, Prepaid Expenses (Commission) A/c Dr 74,000.00
To Bank A/c 74,000.00
(Being Commission for the next year paid)
April 12, Outstanding Commission A/c Dr 3,500.00
To Cash/Bank A/c 3,500.00
(Being Commission relates to the last year paid)
April 16, Cash A/c Dr 6,806.00
To Income A/c (Rent) 6,806.00
(Being Rent received)
April 17, Cash A/c Dr 7,800.00
To unearned Income A/c (Rent) 7,800.00
(Being Rent for the next year received)
April 18, Cash A/c Dr 8,800.00
To Outstanding Rent A/c 8,800.00
(Being Rent of the last year received)