You are required to pass the necessary adjusting entries for the following that appear outside the Trial Balance as on Mar 31, 2009:
- Goods purchased Rs 5,000 were taken to stock but brought to enter in purchases book.
- Bad debts to be written off Rs 2,000
- Depreciation is to be provided on fixed assets @ 10%
- Create provision for doubtful debts @ 5%
- Provide a provision for discount on debtors @ 3%
- Create reserve for discount on creditors @ 2%
- Goods worth Rs 500 were given as charity
- Allow interest on drawings @ 12%
- Salaries unpaid Rs 4,800 further information: Fixed Assets: 7,000
Debtors: 1,05,000
Creditors: 80,000
Drawings: 10,000