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-   -   Show me some of the adjusting depreciation entries closing entry (https://www.askmehelpdesk.com/showthread.php?t=420910)

  • Dec 1, 2009, 03:09 AM
    bheemaiah
    Show me some of the adjusting depreciation entries closing entry
    Show me some of the adjusting depreciation(closing entry) entries...
  • Dec 1, 2009, 03:24 AM
    bheemaiah
    What is the difference between Reserves and Provisions
    What is the difference between Reserves and Provisions
  • Dec 1, 2009, 03:28 AM
    bheemaiah
    What is Treasury Stock or Treasury Share ?
    What is Treasury Stock or Treasury Share ?
  • Dec 1, 2009, 09:29 PM
    bheemaiah
    What is the exact meaning of debit and credit in accounting?
    What is the exact meaning of debit and credit in accounting?
  • Dec 2, 2009, 01:37 AM
    InfoJunkie4Life

    Reserves are what you keep on hand just in case. Like a back up supply. Provisions are what is allotted to you.
  • Dec 2, 2009, 01:21 PM
    hamzashakaa

    Please follow this link

    Debits and Credits | AccountingCoach.com
  • Dec 3, 2009, 02:48 AM
    bheemaiah
    Accounting
    What is the difference between share and stock, is it same ?
  • Dec 3, 2009, 05:26 AM
    ROLCAM

    Much the same!

    Shares = each of the equal parts into which the ownership of a company or corporation is divided. Shares are usually in the form of transferable certificates of stock.
    Ex. The ownership of this railroad is divided into several million shares. With borrowed money, they bought 59,100 shares... then agreed to resell the block (Newsweek). (Abbr:) sh.
    Stock = 3a. The capital of a company or corporation, divided into portions or shares of uniform amount which are represented by transferable certificates. The holder of one of these is considered a part owner, rather than a creditor, of the company. b. the shares or portions of one such company or corporation. The profits of a company are divided among the owners of stock.
    Ex. Father owns some stock in that railroad.
  • Dec 3, 2009, 05:03 PM
    pready

    Treasury Stock is shares of stock of a company that have been issued and reacquired by the company.
  • Dec 3, 2009, 05:07 PM
    pready

    Recording Depreciation will be an adjusting entry. The entry is:
    Debit Depreciation Expense for the amount and Credit Accumulated Depreciation for the amount.

    Closing entries are made to close out temporary accounts (Income Statement accounts) to permanent accounts (Balance Sheet accounts). You close out your revenues and expenses to your Income summary account, then close out your Income Summary account to Retained Earnings. The journal entry for depreciation expense will be: Credit Depreciation Expense for the amount in the account and Debit Income Summary Account for the amount.
  • Dec 13, 2009, 08:16 PM
    morgaine300

    No, the terms don't apply in accounting like that. That's just a plain old English definition, not accounting. You don't "provide provisions" to a company - they aren't the Army.

    In my mind, the terms could be used interchangibly. However, I didn't answer this cause when I googled it I discovered (as I suspected) that different places use these terms in different ways.
  • Dec 22, 2009, 10:10 PM
    bheemaiah
    If I purchased a machinery of Rs. 50,000 and Received a free printer of Rs. 3000 .
    If I purchased a machinery of Rs. 50,000 and Received a free printer of Rs. 3000 . What its Accounting entry? ( Both are assets but we have paid cash for machinery, can anyone explain this entry
  • Dec 22, 2009, 10:25 PM
    rehmanvohra

    The entry will be:

    Debit Machinery 47,000
    Debit Office Equipment 3,000
    Credit Cash 50,000

    The reason being the printer is an asset which will be used in the business and has a fair value at the time of acquisition.

    The traders usually resort to offering such bargain options to boost their sales. Instead of giving trade discounts they offer some other goods that are not selling as fast as they want.
  • Dec 22, 2009, 11:07 PM
    bheemaiah
    Finance & Accounts
    Goods destroyed by fire... can you explain the accounting entry?
  • Dec 23, 2009, 06:22 AM
    rehmanvohra

    Accounting entry can be explained if you had posted the accounting entry.

    Try to understand the effect of the transaction and then think of the accounts involved for debit and credit
  • Jan 20, 2010, 09:37 PM
    bheemaiah
    Accounts
    What is the invoice entry of an Asset was stolen.
  • Jan 20, 2010, 09:41 PM
    bheemaiah
    Finance
    What is Sensex
  • Jan 20, 2010, 09:43 PM
    bheemaiah
    Homework help
    Can you please explain what are the Limitations of Ratio Analysis?
  • Jan 20, 2010, 09:45 PM
    bheemaiah
    Finance and Accounts
    Why share capital shown in liabilities side of balance sheet?
  • Jan 20, 2010, 09:46 PM
    KUXJ

    Hi bheemaiah

    The Bombay Stock Exchange Sensitive Index (Sensex)

    See:
    Bloomberg.com: Personal Finance

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