Month end closing entries with example
Answer / ravishankar
for Expenses: Profit and loss a/c Dr
TO Expenses
for Incomes: Incomes a/c Dr
To profit and loss a/c
for assets&: Liabilities transferred to Balance sheet
| Is This Answer Correct ? | 0 Yes | 0 No |
Explain what is the disadvantage of double entry system?
journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from customer 4. paid creditors $5000
what is the due date of 28th feb
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
What do you mean by Accounting ?
what are your current financial and accounting projects? What is your role?
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
Difference between Provisions and reserves
In accounting, how do you define the premises?
what is difference between cost and expenditure and expence
Purpose for maintained RG 23a Part II & RG 23c PArt II? give brief discussion....
4_ _ _ 4 _ _ _ 4_ _ _ 4 =20 use +,-,/,* to solve ot