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Where does sundry debtor appear in the trial balance?
Where does trustee Fund appear in trial balance
The classification and normal balance of the supplies expense account is a or an?
liability with a credit balance
The office supplies account showed a beginning debit balance of P6000 and purchases of P10000.The ending debit balance was P4000.?
Office supplies beginning balance 6000Add: Purchases 10000Total 16000Less:closing balance 4000Supplies expense for current period 12000
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
What is meant by adjustment entry?
An adjustment is usually an entry made near the end of an accounting cycle (often during the trial balance stage) to bring an account into balance. For instance, the "books" may show a certain quantity on hand -say 1000 units- of supplie, but when you do a physical count you discover there are only 900 units on hand. At this point you will have to make an adjusting entry to the supplies expense account (a credit balance account-the supplies account has a debit balance) of 100 to offset the supplies account and bring the account in balance: Or you can just credit the difference directly into the supplies account: Debit Credit Balance Supplies- 1000 (100) 900
What is the state where supply and demand are in balance?
beginning balance supplies 4,300 purchase supplies is 5,000 supplies on hand totals 2400
What will not appear on a balance sheet?
temporary acct will not appear on balance sheet
What is demonstration balance?
The Demonstration Balance is Appear to Public Appointment is now Appear
Where does sundry debtor appear in the trial balance?
Where does trustee Fund appear in trial balance
Why does the workforce never appear in a balance sheet?
why is it that workforcs never appear in balance sheet
Does supplies expense go on the balance sheet?
It should affect two accounts and two statements.dr Supplies Expenses (+E, -SE)cr Supplies (-A)So, supplies expense is on your income statement but is also reflected on your balance sheet because it lessens the value of your assets in supplies.Income SheetRevenuesExpenses(supplies expense)Balance SheetAssetsCashSupplies
Is supplies a debit or a credit?
Supplies are those items which is usable in near future like office supplies etc so it has debit balance as default balance and shown under current assets of business in asset side of balance sheet.
How can i post general supplies both in the income statement and the balance sheet?
Supplies are not listed on the Income Statement (ever). Supplies whether general or what are listed on the Balance Sheet, Trial Balance, etc as Assets. The only time you should ever see the term "supplies" on an Income Statement is in the form of Supplies Expense, which is the cost of Supplies used up during the normal operating of a business.
The classification and normal balance of the supplies expense account is a or an?
liability with a credit balance
The office supplies account showed a beginning debit balance of P6000 and purchases of P10000.The ending debit balance was P4000.?
Office supplies beginning balance 6000Add: Purchases 10000Total 16000Less:closing balance 4000Supplies expense for current period 12000
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Which of the accounts below would appear on an adjusted trial balance but probably would not appear on the trial balance?
Depreciation Expense
