1. Ki Enterprises has paid following expense for the period of 2018/2019 Rent expense Rs. 250,000

Electricity Rs. 75,000

Rates Rs. 80,000

Following additional information is given.

• Rs. 25,000 out of above Rs. 250,000 of rent expense is relevant for the period of 2019/2020.
• Electricity expense for the month would be Rs. 5,000
• The entity has paid rates expense only for 16 months.

You are required to record above adjustments in the general journal, ledger and abstract of financial statements for the year ended/ as at 31 March 2019.