 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Reclassifying journal entry from a prior year
A construction project was started a year ago. The expenses related to this project were posted under an expense account instead of Construction In Progress. Since the year has been closed, what entry do I make to move the construction costs from expenses to "Construction In Progress" under Assets?
|
||||
Check out some similar questions!
TAX Prior year adjusting entry
[ 0 Answers ]
TAX QUESTION Prior year adjusting entries? Tax audit in 2011 found that company x paid 200000 on building repair. On July 31 2010 and booked amount to maintenance expense CRA has reassessed company for year ended DEC 31 2010 Saying that $ 200,000 is a capital cost of the building and taxes of $...
What is the Journal Entry for a nonprofit giving a one year loan with interest?
[ 0 Answers ]
Please show sample journal entry
Responses for reclassifying journal entry?
[ 1 Answers ]
Responses for reclassifying journal entry in a company
Year end journal entry not in balance
[ 1 Answers ]
Our tax advisors have given me the following journal entry to enter into our books for our year end adjustment, but they didn't balance out the doctors./crs. Can someone give me an idea of what the offsetting accounts should be to balance this je. :confused: Tax Return Adjusting Entries ...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
