Question

jouranl entry of the following-
1. inerest for the current year outstanding rs.4000
2. interest outstanding for previous year paid rs.5000
3. wages due but not paid rs.11000
4. wages paid but not due rs.10000
5. outstanding wages paid rs.15000
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Answer 1

Answer:

1. Interest Dr.

To Outstanding interest

2. outstanding interest dr

to cash

3. wages dr

to outstanding wages

4. not sure ...

wages dr

to accrued/ advanced wages

5. outstanding wages dr

to wages