JOURNALS., Accounting Basics

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Provision for depreciation, Why is a provision for depreciation made in the...

Why is a provision for depreciation made in the financial statements? A to charge the cost of non-current assets against profits B to make a provision for repairs C to mak

Merchandise inventories, Carrying amounts of merchandise materials as well ...

Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.

What is accounts receivable, Q. What is Accounts receivable? Accounts r...

Q. What is Accounts receivable? Accounts receivable as well called trade accounts receivable are amounts owed to a business by customers. An account receivable occurs when a co

Rectification of error, dividend received rs 100was posted to debit to divi...

dividend received rs 100was posted to debit to dividend account. the rectification entry n will be what?

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How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

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please i need to know how to solve question in balance sheet

Prepare a capital investment appraisal analysis, XYZ plc provides engineeri...

XYZ plc provides engineering and consultancy services to the oil and gas industry.  Over the past few years, they have incurred expenditure of £1m researching and developing a new

State about the posting closing entries, Posting closing entries When c...

Posting closing entries When closing entries are entered in the General Journal, they must appear on the next line after Adjusting Entries. The words "Closing Entries" must be

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Explain about the Management accounting Management accounting has also changed by becoming more outward looking in its focus. In past, information provided to managers has bee

Adjusting journal entries, Adjusting Journal Entries = These are the ent...

Adjusting Journal Entries = These are the entries which are not recoded and is to be adjusted at the end of the year .For example; Supplies in hand Supplies expense A/C Dr. and

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