Question

You are required to give necessary adjusting entry on April 1, 2014.

Under what major and minor headings will you show the following items?

i. Unclaimed dividend

ii. Sinking fund

iii. Loans repayable on demand

iv. Tax reserve

v. Interest on calls-in-advance

vi. Mining rights

vii. Vehicles

viii. Encashment of employees earned leave payable on retirement.​

Answer 1

very easy bro try it by ur self