When are expenses credited, Basic Statistics

When are expenses credited?

While common journal cost records are typically debited and have debit account balances, there are times when the cost records are acknowledged.

Some instances when common journal cost records are acknowledged include:

The end-of-year closing entries

The treating entrance for a previous accumulation changing entrance including an expense

A changing use of delay part of a payment that was debited to a cost account

A repairing use of reclassify an amount from the inappropriate cost consideration to the correct account

Expertsmind.com offers unique accounting assignment help

Posted Date: 3/31/2012 7:26:03 AM | Location : United States







Related Discussions:- When are expenses credited, Assignment Help, Ask Question on When are expenses credited, Get Answer, Expert's Help, When are expenses credited Discussions

Write discussion on When are expenses credited
Your posts are moderated
Related Questions
APPROVING MANAGER An individual within an agency who is responsible for assigning buy card custodians and developing buy card limits within the organization.

This problem set consists of three problems and a short essay.  Each problem is worth 7 points, the essay is worth 4 points for a total of 25 points. 1.  What are the chances th

Can Hydrogen be liquefied at room temperature

An experiment succeeds twice as often as it fails. Find the chance that in the next six trials there will be at least four successes

From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal

The Rohr Company''s old equipment for making subassemblies is worn out. The company is considering two alternatives: a) Completely replacing the old equipment with new equipment

example of derivations in daily life

A. Use the inequality derived for part C question 3; to obtain an inequality required x *CD  = 1 to remain stable against DD invaders. Also draw the ROC diagram discussed in class

Advantages of sampling over population

The mean number of hours of flying time for pilots at Continental Airlines is 49 hours per month (The Wall Street Journal, February 25, 2003). Assume that this mean was based on ac