Question

Pass journal entries for the following transactions

(i) Salaries due to clerks 20,000

(ii) Out of the rent paid this year ,10,000 is related to next year.

(iii) Provide 10 depreciation on furniture costing Rs 50,000.

(iv) Charge interest on drawings Rs.8,000​

Answer 1

Answer:

I am thinking that iii is the correct answer