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-   -   Accounting: journal entries (https://www.askmehelpdesk.com/showthread.php?t=416611)

  • Nov 16, 2009, 06:49 PM
    danerjnbaptiste
    Accounting: journal entries
    Journalise adjusting entries for closing stock 8400... ps opening stock was 9700

    How is that done ?
  • Nov 16, 2009, 11:21 PM
    ROLCAM
    Stock at June 2008
    -------------------------

    Opening stock 1/07/2007 p&l 9,700.00
    b/sheet opening stock b/s 9,700.00
    Closing stock 30/06/08 p&l 8,400.00
    b/s closing stock b/s 8,400.00
  • Nov 17, 2009, 08:13 AM
    danerjnbaptiste
    Quote:
    Originally Posted by rolcam View Post
    stock at june 2008
    -------------------------

    opening stock 1/07/2007 p&l 9,700.00
    b/sheet opening stock b/s 9,700.00
    closing stock 30/06/08 p&l 8,400.00
    b/s closing stock b/s 8,400.00
    But what do u debit and credit for closing stock
  • Nov 17, 2009, 07:01 PM
    ROLCAM

    DEBIT opening stock 1/07/2007 p&l 9,700.00
    CREDIT b/sheet opening stock b/s 9,700.00
    CREDIT closing stock 30/06/08 p&l 8,400.00
    DEBIT b/s closing stock b/s 8,400.00

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