debit provision for bad debts
credit accounts receivable
Pretty much everything, its basically like a super larger calculator. I use it for budgets, diets, stock tracking, creating invoices, pasting a large amount of data and then sorting through to find what I am looking for easier, and in the business and especially finance world it is used for a variety of applications daily. LEARN IT! ITS EASY GOOGLE HAS ALL THE ANSWERS! It's mainly used by accountants, for all the financial stuff and money, and it's used for math calculations, graphs and charts. (wikipedia has wayyy more info!)
Que seso means : What is this. Can also be used as What's going on in here
Wow, there are just too many things that abbreviate to B.V.S. for me to guess which one you are asking about. Re-ask this with the full name of the test, and I'll try to find an answer on a search engine for you!
i think it means cancel everything but I'm not sure
Annual depreciation = 6000 - 400 / 7 = 800 Annual depreciation for 3.5 years = 2800 Journal entry for sale of asset Debit Accumulated Depreciation 2800 Debit Cash 450 [Debit] Loss on sale of asset 2750 Credit Asset 6000
Dr Investment Cr Provision for contingent consideration
Provisional entries are made to account for future expenses or foreseen future losses. we will record these provisional entry by, initially debiting Expence account and crediting provision account. when provision is released, we debit the provision account and credit the Expenses account.
debit accounts receivableCredit provision for bad debts
No entry for opening debtors these are just transferred from previous period to current period.
Provision for bad and doubtful debt is not go to profit and loss account, and it is go to balance sheet.
gas cylinder a/c Dr vat on cylinder a/c dr To creditors a/c
what is the accounting entry for provision for audit fees
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
Release restricted funds by creating a journal entry which is a credit to the restriction account and a debit to retained earnings
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.