Question

" the sun is shining , the flowers are in bloom, I know these are signs of a good day, but I don't feel it in here" , said a rehabilitated drug addict, pressing his chest.
what do you think , reading this ?
write a blog expressing your thoughts.
( hints : drug abuse - highly dangerous - loses sense of being alive - feels dead inside - difficult to return - etc.)​

Answer 1

Answer:

• Identification of Income: It is an Accrued Income.

• Definition: Accrued income is a revenue that has been earned but has yet to be received.

Examples: Dividend declared by company but not received yet (Financial year), Interest earned by company but not received at the end of Financial year.

• Treatment of accrued income: In profit & loss account it has been posted in credit side as an income ‘Dividend Income’  

In Balance sheet it has been shown as an Assets (Current Asset)

Shows it on the credit side of the Income Statement (profit & loss account) as it is an income for the current Accounting period (just not received yet).

Shows it on the asset side of the Balance Sheet under the head “Current Assets”.

 

Particular Debit/Credit Impact

Accrued Income A/C Debit Debit the increase in Asset

      To Income A/C Credit Credit the increase in income

Journal Entry:

Date Particular Dr/Cr Debit Credit

05TH March,2019 Dividend Receivable a/c Dr 500  

  To Dividend income a/c Cr  500

(Being dividend earned but not received yet)    

Explanation:

Answer 2

A blog expressing my views about the paragraph given-:

• Drugs are one of the most deadly substances available on earth. It makes a person so used to it and intoxicated that afterwards there is no looking back.

• Drug abuse which is also called substance abuse is a kind of psychological disorder as well. People intake cannabis, marijuana, and cocaine-like drugs and these are very dangerous and can cause serious damage to a person's mental and physical well-being.

• Drugs become like oxygen which is a must for survival when it is overconsumed and if a person doesn't get the required amount of it then he or she will not be able to function properly.

• Drugs make a person transient into a fantasy world which lets them forget about real-life problems but it is short-lived because in the actual world the person losses a sense of interest and of being alive. From the inside, the person becomes dead and then coming back to life and especially a normal one is very difficult.

• Many times the person commits suicide as over-consumption of drugs would have caused huge damage to their nervous system and they feel no point in living hence they end their own lives.

• To avoid it people should go to rehab centres, and visit health professionals and awareness should be increased regarding the consumption of drugs.

#SPJ3