0
ok now lets see mr smith was our debtor and he paid us cash of 100 $ and now as you know debtors are an asset so when they owe you money they are debited but when they pay up you credited them ... you debited mr smiths account and credited your sales now to correct this entry you will have to double up the amont from 100 $ to 200$ and you will now correct it by crediting mr smiths account by 200 and debiting your sales by 200 so know you will have a balance of 100 as now the entries have been balanced .
What else can I help you with?
How do you treat a contra entry in a control accounts?
A contra entry in control accounts occurs when there are reciprocal transactions between two accounts, such as a customer also being a supplier. To treat a contra entry, you would offset the amounts involved by recording them in both the sales and purchases control accounts, effectively reducing the overall balances of both accounts. This ensures that the net effect is accurately reflected in the financial statements, maintaining the integrity of the accounting records. It is essential to document these entries clearly for transparency and reconciliation purposes.
How do you treat accrued income?
income receivable
How do you treat interest on debentures in final accounts?
is it a liability
How do you treat the in ledger accounts?
In ledger accounts, treatment involves systematically recording all financial transactions related to a specific account. Each entry typically includes the date, description, debit or credit amount, and the resulting balance. Transactions are categorized into debits and credits based on the accounting equation, ensuring that the accounting records remain balanced. Regular reconciliations and reviews are essential to maintain accuracy and to identify any discrepancies.
Does absorption costing treat fixed manufacturing overhead as a period cost?
no its a product cost
Is there an adverb error in this sentence I hope you'll treat him fair?
Yes, there is an error.
How was it discovered that minoxidil could treat hair loss?
Minoxidil had been used as vasodilator drug prescribed as oral tablet to treat high blood pressure, with side effects that included hair growth and reversal of male baldness.
How do you treat journal entry for website services fee paid?
debit website services expensecredit cash / bank
What is the average income of an entry level Quality Assurance person in Florida?
I hope they treat you better in Florida. I started at 9.45/ hr in Alabama.
What kind of burn will cause both an entry and exit wound?
An electrical burn can cause both entry and exit wound, as the current enters and leaves the body. You must find both to treat the victim.
How do you treat normocytic normochromic blood picture with neutrophilic leucocytosis?
That's not a condition to be treated, it's a result from a complete blood count. Just like you can't say "how do you treat pain" or "how do you treat fever," there is not answer for your question. Talk to your health care provider for further information, as s/he has the complete picture given your history and physical, rather than one isolated test.
Text or numbers in a cell?
Right-click on the cell, select cell format and chose format numbers as text (Category: text). You also can begin the cell entry with an apostrophe (') to tell Excel to treat the cell contents as text.Make the first character in the call an apostrophe and Excel will treat the entry as text. EXAMPLE: '123
What is desserts backwards?
The word "desserts" spelled backwards is "stressed." This playful reversal highlights an interesting connection between indulgence in sweets and the stress people often experience in life. It serves as a reminder that sometimes, a treat can be a way to cope with stress.
How do you treat a contra entry in a control accounts?
A contra entry in control accounts occurs when there are reciprocal transactions between two accounts, such as a customer also being a supplier. To treat a contra entry, you would offset the amounts involved by recording them in both the sales and purchases control accounts, effectively reducing the overall balances of both accounts. This ensures that the net effect is accurately reflected in the financial statements, maintaining the integrity of the accounting records. It is essential to document these entries clearly for transparency and reconciliation purposes.
How do you complete the quest Cassandra's trick or treat on Maplestory?
hunt monster. Every monster has them. Be patient because it's not so often. Until you gathered 31 of them... give them to cassandra and complete it
What is the responsibility of an employee?
To be on time, complete the work as requested, dress appropriately, treat other employees with respect. This is the bear minimum.
Does mistreat have a suffix?
Yes, "mistreat" does contain a suffix. The suffix is "-treat," which is added to the root word "mis" to create the complete word "mistreat."
