[CBSE] Q 5 Adjustments in Preparation of Financial Statement Solution TS Grewal Class 11 (2025-26)

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Solution of Question number 5 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2025-26?

On 1st July, 2024, fire insurance premium of ₹ 72,000 was paid on a policy which will expire on 30th June, 2025. Accounts are closed on 31st March, Pass an adjusting entry and show how this will appear in the Final Accounts.

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Anurag Pathak

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