Answer / aijaz

Loss will be displayed on liability side under Profit & Loss
A/c as Current Year Profit/Loss +/- Last Year Profit/Loss.
Calculate as per Profit/Loss.

Under what type of account do the unearned revenues fall?

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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

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WHAT IS SAP????

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we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

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what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???

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Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

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some example of prepaid expance

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How the Entry passed for Loss of Payment

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Limited liability ?

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how to see reoprt of miro booking in SAP FI

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meaning of capital

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"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

0 Answers   Infosys,

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