Financial Statements

In expenses because they are the cost of doing business

IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.

An operating lease is not shown on the balance sheet. They are charged directly to the profit and loss.

Financial leases are the types of leases where the company will own the asset when they've paid off all the lease payments. This type of lease is shown in liabilities, it will be split showing what's due in one year (current) and the rest due after one year (long term).

Debit reserve account
Credit cash / bank

yes

Trial Balance is used to check the arithmatical accuracy only.... it does not prove that everything is correct.

Operating Activities ;)

Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.

Expense is that amount benefit of which has already taken by company while prepaid expense is that amount paid the benefit of which not yet taken but available to be taken in future period.

Expense is any cost that the firm incurs to earn the particular revenue. Most expense are required to be paid except for a few "non-cash expense" such as depreciation.

Prepaid, as suggested, are expenses paid in advance but have not yet "used" to generate revenue. It is to be used at a later date. One example of a prepaid expense would be rent i.e. prepaid rent. The owner pays the rent for the next 2 months at $100 per month.

Prepaid rent = $200.

equity

debit

Because when someone returns goods we hv more stock, hence we debit it in the trial balance, note that it is taken away from sales in the p & l just as expenses are debited in the trial balance and taken away in the p & l

asset

Opening stock is the asset and shown under balance sheet as current asset, because this opening stock of material will be utilized to prepare units of products for sales in future.

Retained earning only increased due to prior year operating profits and that's why it has no effect of any kind of additional capital introduced which directly increase the subscribed or paid up capital and not retained earnings.

Bonds Payable would be a liability and therefore normally maintain a credit balance.

no

It's an asset.

Retained earnings are current year profit and Reserves are allotted the amount from last year profits as reserves.

Yes. It is an asset and assets are on the balance sheet.

YES

good luck

Cash budget determines how much cash is needed at what stage and plan the availability of cash in case of shortage and investment in case of excess cash.