Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?

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whether depreciation is fundfolw or cashfolw?

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Can you name different branches of accounting?

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Explain what does financial statement of the company includes?

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The 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

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What do you mean by share

7 Answers   Thomson Reuters,

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WHAT IS R/3 IN SAP.

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under which accounting rule prepaid salary?

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What is the Rate of VAT applicable on Electronic & Electrical goods?

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how to enter the tender refund amount in tally ?

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How to post advance paid to a supplier in oracle jd edwards

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what is casual receipt? is it exmpted in income tax?

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