Before month end adjustments are made, the September 30 trial balance of Horton Enterprise contains revenue of $9,200 and expenses of $6,300. Adjustments are necessary for the following items:
a. Depreciation for September is $300
b. Revenue earned but not yet billed is $2,100
c. Accrued interest expense is $800
d. Revenue collected in advance that is now earned is $3,400
e. Portion of prepaid insurance expired during September is $300
Menu
Income calculation
Replies (2)
as per details provided by you
ur income will be $7000
even i guess it is 7000$
Recent Topics :
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
Related Topics :
CAclubindia
