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how to prepare final accounts of proprietor
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Answer / p.sheshu kumar
profit and loss account and capital account and balances
sheet
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / mojjuh@rediffmail.com
trading account profit and loss account and balance sheet
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / syedghouse
By transfering the Net Profit or Loss to partners capital
account.
| Is This Answer Correct ? | 1 Yes | 1 No |
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My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
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