FINAL ACCOUNT WITH ADJUSTMENTS, Depreciation,Accrued Interest, Prepaid Insurance

This vedio based on M.a.ghani book 'PRINCIPLES OF ACCOUNTING'
Chapter 10 Question 3
Depreciation
On Truck 20%(12000×20%)=2400
On Furniture 10%(1640×10%)=164
Prepaid insurance it is an asset for current year will less from P&L account and add up in Assets
Accrued Income it will add in credit side of P&L and add up as an Asset
Very nice very easy

Insurance