Interested to Buy Any Domain ? << Click Here >> for more details...
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 Answers
- 3578 Views
- I also Faced
- E-Mail Answers
Answer / balamurugan
Accounts receivables - Balance sheet (Assets)
Merchandized Inventory - Balance sheet (Assets)
stores supplies - Income Statement (Expense)
office supplies - Income Statement (Expense)
prepaid insurance - Balance sheet (Assets)
accumulated Dep - In accounting, Accumulated Depreciation
appears on the balance sheet in the
property, plant and equipment section PPE
is usually shown as At cost/valuation less
Accd Depn
accounts payable - Balance sheet (Liabilities)
sales salaries - Income Statement (Expense)
advertising expense - Income Statement (Expense)
Miscellaneous expense - Income Statement (Expense)
Office salaries expense - Income Statement (Expense)
rent expense - Income Statement (Expense)
Depreciation expense - Income Statement (Expense)
Insurance expense - Income Statement (Expense)
Bad debts expense - Income Statement (Expense)
Allowance for doubtful debts - Allowance for Doubtful
Accounts is a contra current
asset account associated with
Accounts Receivable. When the
credit balance of the
Allowance for Doubtful
Accounts is subtracted from
the debit balance in Accounts
Receivable the result is
known as the net realizable
value of the Accounts
Receivable.
Supplies expense - Income Statement (Expense)
| Is This Answer Correct ? | 0 Yes | 0 No |
What is a Bluechip Company?
2 Answers State Bank Of India SBI,
Is bank charges in accounting a direct expenses or indirect expenses
Explain me is any difference between inactive and dormant accounts?
If we withdraw cash from OD account, is it contra entry or receipt entry
securtralization?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Dear sir, please tell me how to calculate p.f ( provident fund)?
Explain in simple terms what is the difference between asset, equity, and liabilities?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
1 Answers Infosys, Satyam, Symbiosis,
Tell me what would you say are the most important qualities of an account manager?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
Audit 
