Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e.
Furniture & fixture a/c Dr.
To cash/bank a/c
Along with this, I have to pass following journal entry on 31st Mar 07??
P&L a/c Dr.
To Furniture & fixture a/c
No Answer is Posted For this Question
Be the First to Post Answer
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
Explain what are the accounting events that are frequently involved in compound entries?
What steps would you take before approving an invoice for payment?
What are bills receivable?
Why Capital IQ?
what is the meaning of the Dilapidation
Differentiate between equity and stock.
i know that preliminary expenses are fixed cost but current or non current
saji become insolvant -what is journal entry
how will rectify the error in trial balance.
discuss seperate determination concept
salary and rent provision entry in tally erp 9