Journal Entry 
Chapter - 4 
Question - 33

Enter the following transaction in the journal of Rajeev Ranjan :
  1. Received Rs. 25,000 from Rakesh which was written off as bad debts last yeasr.
  2. Salary of four clerk Rs. 60,000 is outstanding.
  3. Rent paid Rs. 20,000 of current year is related to next year.
  4. Cost of furniture Rs. 60,000, charge depreciation @ 10%.
  5. Allow interest on capital beign Rs. 10,00,000.
  6. Interest on drawings Rs. 5,000 to be charged .