clarification

Classified in Economy

Written at on English with a size of 1.79 KB.

 

--contra revenue

merchandise return from customers
--other income
rent received
commission received
--contra current asset
allowance for doubtful debts
loan to purchases premises
--fixed asset
copier machine
machinery
delivery truck
--contra fixed asset
accumulated depreciation - equipment
provision for depreciation - truck
--long term liability
long term loan
--contra capital
cash for personal use
--costs
carriage inwards
*
*
--current asset
inventory
accounts receivable
bank
loan to employees
trade discount
cash on hand
office supplies
petty cash funds
stationary
trade receivable
merchandise
--current liability
electricity bill not paid
trade payable
insurance payable
bank overdraft
--expenses
bank interest
discount allowed
bad debts
wages
fixtures and fittings
advertisement
buildings
insurance
bank charges
postages and stamps
gasoline
carriage outwards
salaries

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