Check out some similar questions!
Simple accounting leger
[ 3 Answers ]
Hi, All ryan here, I would like to know about some basic accounting question. Here is my question: Why do we credit provision for depreciation and debit P and L account? I thought depreciation is an expense, and by nature an expense should be a debit am I right? Please correct me if I am...
Simple accounting software - double entry
[ 4 Answers ]
I am looking for a simple accounting softw. In order to make Journal Entries and creat the Balance Sheet and P&L. I have discarded Peachtree & Quickbooks because they have too many features, aimed mainly at people with no accounting knowledge. I just want a software that will maintain the...
Simple questions about payroll accounting
[ 1 Answers ]
I'm working on a question, and I just need to find out when you are given an advance on your pay are taxes deducted when you get the advance, and also is commison similar to piecework... oh and would it be sales that effects profit and loss statement, I'm pretty sure it is maybe someone could...
Simple accounting adjusting entry yet I'm confused
[ 2 Answers ]
Somerville Corp. purchases office supplies once a month and prepares monthly financial statement. The asset account Office Supplies on Hand has a balance of $1,450 on May 1. Purchase of supplies during May amount to $1,100. Supplies on hand at May 31 amount to $920. Prepare the necessary adjusting... View more questions Search
Add your answer here.
|