An inexperienced book-keeper has drawn up an Incorrect and Unadjusted Trial Balance, You are required to Correct Trial Balance, Pass Adjusting Entries and then prepare Adjusted Trial Balance:
1. Salary Payable on December 31, 2016 is Rs. 1,500
2. Depreciation on Furniture charged to 10% by cost method
3. Inventory on hand on December is Rs. 60,000
4. 30,000 of Sales Account is unearned
Solution 1: Unadjusted Trial Balance
Solution 2: Adjusted Entries
Solution 3: Adjusted Trial Balance
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