To make the necessary adjusting journal entries for Subhan Industries on December 31, 2019, we will analyze each transaction and determine the appropriate adjustments:
### a) Loan Payable with Interest
The company borrowed Rs. 500,000 with an interest rate of 18% per annum on November 01, 2019, and the loan is due after 3 months (i.e., on January 31, 2020). As of December 31, 2019, one month's interest needs to be accrued.
**Calculation of