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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 3598Honda 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 3845Sanjay 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 5613while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
2411what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
1 25283what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
1824The 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.
1769Post New Accounting General Questions
What is budget variance analysis?
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
what s account
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
What is mutual fund what is derivatives what is capital market what is TDS.breifly
what are your current financial and accounting projects? What is your role?
we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?
what is profit and loss(dr) in cash flow statement?
What was your average accounts receivable days outstanding/days sales outstanding?
What qualifications have you achieved?
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
how to reduce the interesting giving to debts ?
Tell us did you use accounting applications at your previous companies or prefer working manually?
'Talk me through an example of how you have used data to improve your teams productivity.'
Follow up ageing balances of Debtors & Creditors and also Inventory
