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Expense A/c Dr
To o/s
Expense A/c Dr
To Prepaid Expenses
3. Income earned
and not received:
Income A/c Dr
To Outstanding Income
A/c
4. Income received
in Advance
Income A/c Dr
To Prepaid
Income A/c
Which of the adjusting entries given above
is/are correct?
(a) 1 and 4
(b) 2 and 3 (c) I only
(d) 1,2,
3, and 4
59. The rent paid to landlord is credited to
(a)
Landlord's account
(b)
Rent account
60 Ram received 975 from Pankaj in full settlement of his account for 1,000. The journal
entry will be
(a) Cash A/c Dr. 975 Bad debts A/c Dr. 25 To
Pankaj A/c 1,000
(b) 10,800
(d) 10,820