Question
Which of the following is an example of an adjusting
journal entry?Solution
An adjusting journal entry is used to record a transaction that occurred during the current accounting period but was not previously recorded, such as accruing interest expense.
A spent 25% of his monthly income on study and 70% of the remaining on rent. If amount spent on rent is Rs. 2016, then find the amount spent on study
- Vikram spent 10% of his income on investments and out of the remaining amount, he spent 35% on house rent, 30% on maintenance, 15% on groceries, and saved ...
An original figure is first enhanced by 25% and then reduced by 10%. What is the final overall percentage change?
In an election between two candidates Abhay and Bharti, Abhay got 55% of the total valid votes, 20% of the total votes were invalid. If the total number...
In a conference, 78% people were present, and the no. of absentees was 110. The total number of the people who were invited was
The respective ratio of monthly income of A to monthly income of B is 6:7, and A’s saving is (100/7)% more than B’s saving. Find the expenditure of ...
A man spent 55% of his income in May. If his savings is increased by 30% in June and becomes Rs. 5850, then find the income of man in May.
- ‘S’ has 20% fewer books than ‘T’. ‘T’ has 25% more books than ‘U’. By how much percent are the books with ‘S’ less than those with ‘U...
A store offers two consecutive discounts of 12% and 8% on an item. Determine the equivalent single discount percentage.
- A manufacturer produced a total of 24000 items where 40% of the items were electronic gadgets and the remaining items were household appliances. If 70% of ...
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