Pass Journal Entries for the following: (i) Received Rs. 4,000 from Manish which were written off as bad debts in the previous year. (ii) Salaries due to clerk Rs. 7,500. (iii) Out of the rent paid this year, Rs. 2,000 is related to next year. (iv) Provide 10% depreciation on furniture costing Rs. 5,000. (v) Provide 10% interest on capital amounting to Rs. 1,00,000. (vi) Goods used in making of furniture (Sales Price Rs. 2,000, Cost Rs. 1,500).
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
| S.No. | Particulars | L.F. | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|---|---|
| (i) | Cash A/c Dr. To Bad Debts Recovered A/c (Cash received from Manish, previously written off as bad debts) | 4,000 | 4,000 | |
| (ii) | Salaries A/c Dr. To Outstanding Salaries A/c (Salaries due to clerks) | 7,500 | 7,500 | |
| (iii) | Prepaid Rent A/c Dr. To Rent A/c (Rent paid in advance for next year) | 2,000 | 2,000 | |
| (iv) | Depreciation A/c Dr. To Furniture A/c (Depreciation provided on furniture @ 10%) | 500 | 500 | |
| (v) | Interest A/c Dr. To Capital A/c (Interest provided on capital @ 10%) | 10,000 | 10,000 | |
| (vi) | Furniture A/c Dr. To Purchases A/c (Goods costing Rs. 1,500 used in making furniture) | 1,500 | 1,500 |
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