Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)
7 29242I cleared IBPS exam Basically I belongs to A.P. but I applied for karnataka will they accept me?
2 3911how can we do salary entry. inwhich gross salary, da, hrs, pf esi etc. included. tell me what is the journal entry for this type of question.
3 7691i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries
3 4613please explain me, if I pay salary advance 3000 to satish then how to record entry, for payment, journal, adjustment if salary is 1500/month please send me correct entry shortly
2 6043Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
1441On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?
2 3333The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
1894Post New Accounting General Questions
Aptitude Test Questions
What was your most complicated sales cycle in past positions?
List out the stages of double entry system?
If the company acquires equipment prior to incorporation what are the accounting entries?
what is the difference b/w gain and profit?
What is the difference between General Ledger and Ledger?
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
Detail your responsibilities in accounts receivable
What is a ledger?
What do you mean by balancing of ledger account?
Tell me what is the master account?
How did you chose your university?
How to pass VAT retention entry on computer and Furniture
Do you know public accounting?
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