Question 22 of 22
Q.Pass adjusting entries for the following:
(a) The closing stock was valued at ₹5,000
(b) Outstanding salaries ₹150
(c) Insurance prepaid ₹450.
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2026Subjective· 3mImportance★★★★★
100% · 22/22 Questions
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Start your 14-day free trial to unlock the full solution →Three adjusting entries: bring in closing stock, create outstanding salaries as a liability, and treat insurance prepaid as an asset.
Adjusting Entries
| # | Particulars | L.F. | Dr ₹ | Cr ₹ |
|---|---|---|---|---|
| (a) | Closing Stock A/c ..... Dr | 5,000 | ||
| To Trading A/c | 5,000 | |||
| (Being closing stock valued at ₹5,000 brought into account) | ||||
| (b) | Salaries A/c ..... Dr | 150 | ||
| To Outstanding Salaries A/c | 150 | |||
| (Being salaries outstanding at year end) | ||||
| (c) | Prepaid Insurance A/c ..... Dr | 450 | ||
| To Insurance A/c | 450 | |||
| (Being insurance paid in advance) | ||||
| … |
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