Accountancy Forum
  • Accountancy
  • Forum Home
  • Members
  • Team
  • Help
  • Search
  • Register
  • Login
  • Home
  • Members
  • Help
  • Search
Accountancy Forum The Profession Accounting and Audit v
« Previous 1 … 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 … 28 Next »
accounting flow of accrued expense?

 
  • 0 Vote(s) - 0 Average
accounting flow of accrued expense?
raja asad
Offline

Junior Member

Posts: 23
Threads: 11
Joined: Jan 2009
Reputation: 0
#1
02-03-2009, 12:17 AM
Question salary per month is 1000
salary paid on 2nd day of next month.
accounting period january to december

Reuired show the complete accounting flow of above entries on 31st december?

Asnwer
on 31st of december the following entry is already appear in the books

salaries A/C 11000
cash A/C 11000

Further more on 31st of december we shall have to pass an adjusting entry of 1000 accrued expense.

salaries A/C 1000
salaries payable A/C 1000

MY CONCERN
i would like to know from u guys that what will be the closing and reverse entries on the 1st of next of year if any?
« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)



Messages In This Thread
accounting flow of accrued expense? - by raja asad - 02-03-2009, 12:17 AM
[No subject] - by tariqab - 02-03-2009, 07:33 PM
[No subject] - by raja asad - 02-04-2009, 12:16 AM
[No subject] - by tariqab - 02-04-2009, 04:13 PM
[No subject] - by raja asad - 02-06-2009, 12:32 AM
[No subject] - by Nauman - 02-07-2009, 05:46 PM
[No subject] - by tariqab - 02-07-2009, 08:10 PM
[No subject] - by Nauman - 02-08-2009, 02:03 AM
[No subject] - by raja asad - 03-01-2009, 01:43 AM
[No subject] - by maani - 03-01-2009, 06:31 AM
[No subject] - by raja asad - 03-01-2009, 11:40 PM
[No subject] - by maani - 03-02-2009, 06:10 AM
[No subject] - by raja asad - 03-03-2009, 02:28 AM
[No subject] - by maani - 03-04-2009, 03:12 AM

  • View a Printable Version
  • Subscribe to this thread
Forum Jump:

© 2002-2024 Accountancy. Copyrights of all content on this web site are owned by Accountancy except where indicated in source or copyright statements. Accountancy must be contacted for permission to copy or redistribute any material published on this website.

Linear Mode
Threaded Mode