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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 3549Honda 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 3766Sanjay 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 5520while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
2375what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
1 25203what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
1780The 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.
1735Post New Accounting General Questions
What was your average accounts receivable days outstanding/days sales outstanding?
What are mis reports and how do you prepare it?
What is fair value accounting definition?
purchase plant and machinery
what is t code of journal voucher report with amount?
Pass the journal entry: rent outstanding
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
Explain what is involved in the process of double-entry accounting?
What is the difference between consigner and consignee?
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
What are the uses of journal in accounting?
What is double-entry accounting? Explain with an example?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
Tell me do you think accounting standards are mandatory and why?
salary and rent entry with tds deduct
