Adjustment Entry of Journal

Important Entry of Journal 

1. Interest on Drawings
       Drawings A/c Dr
                  To Interest on Drawings A/c
2. Interest on Capital
        Interest on Capital A/c Dr
                    To capital A/c
3. Advance or unearned Income
        Commission rec. A/c Dr
                 To comm. Received in advance A/c
4. Accrued Income
        Accrued Income A/c Dr
                 To Income A/c
5. Depreciation
        Depreciation A/c Dr
                 To sundry Assets A/c
6. Prepaid Expenses
        Prepaid Insurance A/c Dr
                 To Insurance premium A/c
7. Outstanding Expenses
       Wages A/C Dr
               To outstanding wages A/c
8. Closing stock
        Closing Stock A/c Dr
                To Trading A/c
9. Sundry Expenses
         Sundry Expense A/C Dr
                  To Cash A/c
10. Purchase of Fixed cost
          Assets A/C Dr
                   To cash A/c
11.sale of fixed Assets
          Cash A/c Dr
                   To Assets A/C
12. Goods given as Charity
          Charity A/c Dr
                   To purchase A/c
13. Goods given as free samples
           Advertisement A/c Dr
                    To purchase A/c