Question
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
- 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.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
