Journal adjustment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2013
The following adjustment to be made. Could u guide me what are the journal entries to be passed
1. Salaries : 5 clerks @ 2500 basic salary, 2@ sales commission on sales, 1000 hra 2 sales @2000 basic salary
2. depreciaton to be charged at 20@ p.a. for six months
3. Provision for bad debtors -5000
The following adjustment to be made. Could u guide me what are the journal entries to be passed
1. Salaries : 5 clerks @ 2500 basic salary, 2@ sales commission on sales, 1000 hra 2 sales @2000 basic salary
2. depreciaton to be charged at 20@ p.a. for six months
3. Provision for bad debtors -5000
CMA Ramesh Krishnan
(Expert)
02 July 2013
1.Dr: Salary
Dr: commission
Cr: salary payable
2. Dr:depreciation
Cr: Provision for depreciation
3. Dr: Bad debts
Cr: Prov. for bad debts
Dr: commission
Cr: salary payable
2. Dr:depreciation
Cr: Provision for depreciation
3. Dr: Bad debts
Cr: Prov. for bad debts
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