Credit balance of suspense A/c will be shown in

1 Answers  

---

how to treat outstanding salaries in accounts statements, how it is shown in receipts & payments account, income & expenditure account & balance sheet

1 Answers  

---

how to deduct tds on income from other sources with examples

0 Answers   Wipro,

---

while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?

0 Answers  

---

Sold goods to Gasha 600 by cash

0 Answers  

---

in tally what is [import masters] why we are preparing it?

1 Answers  

---

why are the company hire you.

1 Answers  

---

accounting equation is what?

1 Answers  

---

How do you handle rejection?

0 Answers  

---

is it software companies also using Tally software for their accouts?

1 Answers  

---

What qualities have you got that would make you a good accountant?

0 Answers  

---

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

0 Answers  

---