CXC CSEC Principles of Accounts (POA) - Balance sheet calculations
how would i prepare a journal entry to write off the bad debts receivable which where Nat Lewis $850, Jeb Steven $ 3600 and Anna Tomas $450
how do i calculate closing stock to find a ratio for my sba.
how do u work out the net working capital?
current asset- current liabilities
NEED HELP WITH THIS QUESTION.wHERE AND HOW DO I PUT THIS IN THE CASHBOOK.AUG 6 -Sold goods on credit to B.Sediment for $8000.00 offering a 2% cash discount for payment before the end of the month. On Aug 29 received a cheque from B.Sediment in full settlement of account.How do I put this in the Cashbook.
Debit cash 7840, 160 discount allowed. This is done since the payment was made before the month was completed.
its debit BANK, not cash since the payment was made via cheque
is telephone charges a fixed asset?
Its an expense
hen doing the accounts sba. wat is done first rite now i'm getting confused
hi i am new to priciples of accounts i dont really understand it an i need sum help wit double entry an trial balance
I NEED HELP WITH MY PROFIT AND LOSS ACCOUNT I WANT TO KNOW WHAT TO DO
what is under fixed assets?
machines, furniture, motor vehicle,buildings,lands any thing that has a long life value.
FIXED ASSETS ARE ASSETS THAT ARE IN THE BUSINESS FOR A LONG PERIOD OF TIME EXAMPLE BUILDING PREMISES MACHINERY AND FIXTURES AND FITTING YOU MUST ALSO PLACE THEM IN ORDER FROM THINGS THAT ARE HARD TO SELL OFF
2. CURRENT ASSETS
3. LESS CURRENTS LIABILITIES
4. FINANCED BY:
LONG TERM LIABILITIES
ADD: NET PROFIT
i really want to see this it is so useful.
whats another name for cost of stock sold? is it cost of sales??
Another name for cost of stock sold is closing stock
Hey Admin, thanks for posting the balance sheet and especially those ratios. I've been having a bit of trouble with those and it looks like a lot of help to me. It's straight forward and very easy to understand.