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    benipald3's Avatar
    benipald3 Posts: 13, Reputation: 1
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    #1

    Oct 19, 2009, 04:10 PM
    Classifiacation of accounts
    These are some accounts I want to know which they came into
    Capital shares no par
    Loss on sale of equipment
    Gain from early extinguishment
    Error made in calculating 2006 amortization expense
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Oct 20, 2009, 04:12 AM

    Capital shares no par ****** BALANCE SHEET
    Loss on sale of equipment ** PROFIT & LOSS
    Gain from early extinguishment****P & L
    Error made in calculating 2006 amortization expense******P & L
    benipald3's Avatar
    benipald3 Posts: 13, Reputation: 1
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    #3

    Oct 22, 2009, 06:27 AM
    Quote Originally Posted by ROLCAM View Post
    capital shares no par ****** BALANCE SHEET
    Loss on sale of equipment ** PROFIT & LOSS
    gain from early extinguishment****P & L
    error made in calculating 2006 amortization expense******P & L
    Thanks can you please tell me the classification of these accounts in balance sheet and income or retained earnings
    benipald3's Avatar
    benipald3 Posts: 13, Reputation: 1
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    #4

    Oct 22, 2009, 06:28 AM
    [QUOTE=benipald3;2045694]Thanks can you please tell me the classification of these accounts in balance sheet and income or retained earningsalso can you tell me what type of account is dividend declared and its classification
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