1️⃣ Salary ₹5,000 outstanding at the end of the year
📘 Question
वर्ष के अंत में Salary ₹5,000 अभी तक paid नहीं हुई है।
🔍 Explanation
- Salary एक expense है।
- Expense हो चुका है लेकिन payment नहीं हुई ⇒ Outstanding Expense
- Outstanding salary एक liability बन जाती है।
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Salary A/c Dr. 5,000
To Outstanding Salary A/c 5,000
2️⃣ Rent ₹3,000 outstanding
📘 Question
Rent ₹3,000 अभी देना बाकी है।
🔍 Explanation
- Rent खर्च हो चुका है
- भुगतान बाकी ⇒ Outstanding Rent
- Liability create होगी
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Rent A/c Dr. 3,000
To Outstanding Rent A/c 3,000
3️⃣ Wages ₹2,500 outstanding
📘 Question
Wages ₹2,500 का भुगतान नहीं हुआ है।
🔍 Explanation
- Wages production expense है
- खर्च हो चुका लेकिन pay नहीं किया ⇒ Outstanding
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Wages A/c Dr. 2,500
To Outstanding Wages A/c 2,500
4️⃣ Interest on Investment ₹1,200 accrued but not received
📘 Question
Investment पर ₹1,200 interest earn हो चुका है पर मिला नहीं।
🔍 Explanation
- Interest हमारी income है
- Earn हो चुकी है ⇒ Accrued Income
- Asset बनता है (Receivable)
📜 Golden Rule
Nominal Account → Credit all incomes and gains
✍️ Journal Entry
Accrued Interest A/c Dr. 1,200
To Interest on Investment A/c 1,200
5️⃣ Insurance ₹800 paid in advance
📘 Question
Insurance का ₹800 अगले period का है।
🔍 Explanation
- पूरा खर्च इस साल का नहीं
- आगे का खर्च ⇒ Prepaid Expense
- Asset माना जाता है
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Prepaid Insurance A/c Dr. 800
To Insurance A/c 800
6️⃣ Income ₹4,000 received in advance
📘 Question
₹4,000 income advance में मिल चुकी है।
🔍 Explanation
- Income earn नहीं हुई
- पहले पैसा मिला ⇒ Liability
- Unearned Income
📜 Golden Rule
Nominal Account → Credit all incomes and gains
✍️ Journal Entry
Income A/c Dr. 4,000
To Income Received in Advance A/c 4,000
7️⃣ Electricity Bill ₹1,500 outstanding
📘 Question
Electricity bill ₹1,500 देना बाकी है।
🔍 Explanation
- Expense हो चुका
- Payment pending ⇒ Outstanding
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Electricity Expense A/c Dr. 1,500
To Outstanding Electricity A/c 1,500
8️⃣ Commission ₹2,200 accrued but not received
📘 Question
Commission earn हो चुकी है पर मिली नहीं।
🔍 Explanation
- Commission = Income
- Earned but not received ⇒ Accrued Income
- Asset create होता है
📜 Golden Rule
Nominal Account → Credit all incomes and gains
✍️ Journal Entry
Accrued Commission A/c Dr. 2,200
To Commission Income A/c 2,200
9️⃣ Rent ₹6,000 paid in advance
📘 Question
Rent ₹6,000 अगले साल का दिया गया है।
🔍 Explanation
- इस साल का खर्च नहीं
- Future benefit ⇒ Asset
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Prepaid Rent A/c Dr. 6,000
To Rent A/c 6,000
🔟 Salary ₹3,200 paid in advance to staff
📘 Question
Staff को ₹3,200 salary advance में दी गई।
🔍 Explanation
- अभी expense नहीं बना
- Advance salary ⇒ Asset
📜 Golden Rule
Nominal Account → Debit all expenses and losses
✍️ Journal Entry
Prepaid Salary A/c Dr. 3,200
To Salary A/c 3,200
🧠 Super Exam Trick (1 Line)
- Outstanding = Liability
- Accrued Income = Asset
- Prepaid Expense = Asset
- Income Received in Advance = Liability
