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 2846Honda 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 3049Sanjay 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 4557while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
1994what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
1 23840what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
1398The 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.
1386Post New Accounting General Questions
Tell me what is the general classification of accounts that usually ledger account involve?
Explain fictitious assets?
How time sheets are maintained?
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
how to finalised the Balance sheet & profit & loss A/C
Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan
when receieve cheque from a party and we deposite cheque in bank how do this entry
all GL Related Interview questions with answear
Define scrap value in accounting?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
examole of cash to cash contra entry
payment voucher for advance salary
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
