Given the following entries from a TRIAL balance, what entries would fall where in a Balance Sheet & an Income Statement? Accounts receivables Merchandized inventory stores supplies office supplies prepaid insurance accumulated Dep accounts payable sales salaries advertising expense Miscellaneous expense Office salaries expense rent expense Depreciation expense Insurance expense Bad debts expense Allowance for doubtful debts Supplies expense
1 2859Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??
2 3065Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
2 4583while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
2003what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
1 23899what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
1405The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
1392Post New Accounting General Questions
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
How do we calculate the cost of investment?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
what is capital reserve
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
What is capital adequacy ratio? What is demat account?
What is Prepaid Entry
What is departmental accounting? Give an example
In which ways is math used in accounting
What is the difference between consigner and consignee?
what is revenue recognition rule, and can you specify the answer.
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
How many types of business transactions are there in accounting?
Explain what is liabilities and what all does include in current liabilities?
