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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 3698Honda 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 3938Sanjay 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 5723while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
2465what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
1 25377what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
1868The 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.
1819Post New Accounting General Questions
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
what is profit maximisation
Explain the Invoice verification process
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
How to prepare finalization accounts?
what are the limitations of accounting conventions
What does overhead mean in regards to accounting?
What is the use of 2a, 2b & 2c form in CST ?
how to deduct tds on income from other sources with examples
Explain how you can adjust entries into account?
What do u mean by press releases
Expand ctc cheque?
What Is Responsibility Accounting?
