The Total solution for NCERT class 6-12
S. No.
Particulars
L.F.
Debit
₹
Credit
a)
Salaries A/c Dr.
3,500
To Outstanding Salaries A/c
(Salaries outstanding for Rs 3,500)
b)
Rent A/c Dr.
500
To Outstanding Rent A/c
c)
Prepaid Insurance A/c Dr.
4,000
To Insurance A/c
(Insurance premium paid in advance for 3 months i.e. ₹ 4000)
d)
Furniture A/c Dr.
7,000
To Purchases A/c
(Correction entry for Wrong debit of Furniture to Purchases Account)
(Rent unpaid for one month = 6000/12 = ₹ 500)