Business Studies, asked by meethammadnazir, 4 hours ago

The following information is available from the record of Shams and Co. on December 31, 2004.
1. Rent payable amounted to Rs 10,000
2. Outstanding insurance expense amounted to Rs 15,000
3. Rent earned but not yet received Rs 10,000
4. Accrued interest income Rs 5,000
5. Insurance prepaid to the extent Rs 3,000 (Prepaid Insurance Rs 5,000)
6. Rent Expired Rs 7,000 (Prepaid rent Rs 10,000)
7. Insurance premium paid in advance for 1 year on 1’st Aug 2004(Prepaid insurance Rs 60,000)
8. Insurance premium paid in advance for 2 years on 1’st Nov 2004(Prepaid insurance Rs24,000)
9. Rent paid in advance RS 2,000(Rent expense Rs7,000)
10. Advertising expense paid for 3 years on 1’st Aug 2004(Advertising expense Rs36,000)
11. Rent income Rs3,000(Unearned rent Rs5,000)
12. Rent received in advance for 8 years on 1’st Mar 2004(Unearned rent Rs96000)
13. Commission earned but not yet received Rs6,000(Commission income Rs10,000)
14. Unearned rent Rs3,000(Rent income Rs7,000)
15. Rent received in advance for 5 years on May 1’st 2004(Rent income Rs60,000)

Answers

Answered by lathathekkadavan74
0

Answer:

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Explanation:

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Answered by titylukose3
0

Answer:

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