journal entries correct
1) Goods amounting to $6500 have been returned and taken to the stock. However no entry has been made for the transaction.
2) stock of a third party stored in the compan's warehouse is included in the closing stock at a value of $72000.
4) bank interest expenses amounting to $2700 appears in the cash book but has not been posted to the general ledger.
a)prepare journal entries to correct the errors.
fixed assets - cost 250000
- provision for depreciation 74500
stock, at cost 130000
it is trial balances ( stock)
我想問下第1條 , 點解Dr Sale
同第4條 , 點解關depreciation事?? thx
- 1 十年前最愛解答
Dr. Returns inwards
Cr. Trading (closing stock)
Dr. Trading ( closing stock)
Dr. Bank interest expenses
Dr. Disposal $175500
Cr. fixed assets $ 250000
Dr. provision for depreciation $74500
What is your meaning of stock, at cost 130000?!