Over the period,
Expense debit
Payable credit
and when pay
Payable debit
Bank credit
Expense should be charged on acturial asumption.
and over the period, acturial gain or loss should be recorded.
gratuity dr
cash cr
Gratuity a/c dr Provision for gratuity a/c
[Debit] Gratuity [Credit] Cash / bank
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
The journal entry is the accounting entry which lists the goods that are bought on credit.
What entry can we post to Office Maintenance Account in accounting
Gratuity a/c dr Provision for gratuity a/c
[Debit] Gratuity [Credit] Cash / bank
Double Entry Accounting is introduced by Lucas Paciolli
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
Matching" in accounting means to make an entry in the journal
The journal entry is the accounting entry which lists the goods that are bought on credit.
The accounting entry for sales return under warranty is the accrued warranty liability. This entry is written under warranty expense.
What entry can we post to Office Maintenance Account in accounting
account or accounting equation
what is the accounting entry for provision for audit fees
closing entry of an asset means the adjustment entry we do on the last day of accounting year.
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?