Meili Wong

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Accural and Prepayments 17-Jul-08

Dennis, the proprietor of Subang Bearings, provided the following details

with regards to the wages of his staf:

Accrued wages at 1 September 20X1 = $850

Accrued wages at 30 September 20X1 = $900

Wages expense ( Incurred ) for the month of September = $9,800

< Accrual - Outsanding - Owing >

Required:

Calculate the wages paid to his staft in the month of September 20X1

by constructing the Wages Account.

With-Out:

Profit and Loss for the year ended 31 March 20X1

Balance Sheet as at 31 March 20X1

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What happens to the balance in the Profit and Loss a/c?

The "Profit & Loss a/c" is opened anew every accounting period. The "P & L a/c" relating to a particular accounting period is independent of the "Profit and Loss a/c" of any other accounting period.

The purpose using the petty cash book for what purpose using?

The purpose using the petty cash book fpr what purpose using?

trail balance to prove the mathematical equality of debts. why is the meant of trial balance purpose of preparation of financial statements? Why the effect of all transaction will be reflected in the ledger accounts?

It is denitely irrecoverable lead to charged as an expenses and the account, But how is the particular debtor has to written off as bad as soon as it is know. Sorry My word disturb you all, Forgiven i am new one?