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
Ask quewhat is the difference between histotigrams and histograms?stion #Minimum 100 words accepted#


What is a valuation account? In accounting, an assessment consideration is usually a stability sheet consideration that is used in combination with another stability sheet cons

merits and demerits of arithmetic mean

how can we construct a bivariate frequency distribution

Budgets and budgetary control A fund is an operating plan for a business, ready in progress. Funds may be set in money conditions, egg a revenue funds of £500,000, or it can

how solve and get kurtosis


Define why Equipment show up on a profit and loss statement? The buy of devices that will be used in a business is not revealed on the revenue and reduction declaration. Howeve

explain tthe two uses of time serie, and the four components of time series?