Question -
Answer -
(a) Depreciation
| Dr. | | Cr. | | |
| Particulars | Amount | Particulars | Amount | | Liabilities | Amount | Assets | Amount |
| Depreciation | | | | | | | Assets | |
| | | | | | | | Less: Depreciation | |
| | | | | | | | |
| | | | | | | | | | |
(b) Discount ondebtors
| Dr. | | Cr. | | |
| Particulars | Amount | Particulars | Amount | | Liabilities | Amount | Assets | Amount |
| Discount on Debtors | | | | | | | Debtors | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | Less: Discount on Debtors | |
| | | | | | | | |
| | | | | | | | | | |
(c) Interest oncapital
| Dr. | | Cr. | | |
| Particulars | Amount | Particulars | Amount | | Liabilities | Amount | Assets | Amount |
| Interest on Capital | | | | | Capital | | | |
| | | | | | Add: Interest on Capital | | | | |
| | | | | | | | |
| | | | | | | | | | | |
(d) Manager’scommission
Two types of managercommission can be seen.
Case 1: Whencommission is applied on the profit before commission being charged.
| Dr. | | Cr. | | |
| Particulars | Amount | Particulars | Amount | | Liabilities | Amount | Assets | Amount |
| Manager’s Commission | | | | | Outstanding Manager’s | | | |
| | | | | Commission | | | | |
| | | | | | | | |
| | | | | | | | | | |
Case2: When commissionis applied on the profit after charging the commission.
| Dr. | | Cr. | | |
| Particulars | Amount | Particulars | Amount | | Liabilities | Amount | Assets | Amount |
| | | | | Outstanding Manager’s | | | |
| | | | | Commission | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| Manager’s Commission | | | | | | | | | |
| | | | | | | | |
| | | | | | | | | | |