Accounting problems.......

[Mohammad Hasham]

can anybody plz tell me about subscription account and stock revaluation format.........

 

[Sarah Paul]

can anybody plz tell me about subscription account and stock revaluation format.........

The subscription account format is the same as the accruals and prepayments and income account. It is the opposite of the accruals and prepayments account.
The format is: in the debit side of the subscriptions account you have the following entries:
Accrual B/D
Income and Expenditure
Prepaid C/D

In the credit side of the subscription account you have the following entries:
Prepaid B/D
Cash/Bank
Accrual C/D

The missing figure is the Income and Expenditure

For the stock revaluation we will always have to consider the lowest value. You have no format for stock valuation

 

[Mohammad Hasham]

The subscription account format is the same as the accruals and prepayments and income account. It is the opposite of the accruals and prepayments account.
The format is: in the debit side of the subscriptions account you have the following entries:
Accrual B/D
Income and Expenditure
Prepaid C/D

In the credit side of the subscription account you have the following entries:
Prepaid B/D
Cash/Bank
Accrual C/D

The missing figure is the Income and Expenditure

For the stock revaluation we will always have to consider the lowest value. You have no format for stock valuation

thanks alot........

 

[Sarah Paul]

thanks alot........

Ur welcome

 

[Iishrak]

we don't have it for CIE O level right? :S

 

[Sarah Paul]

we don't have it for CIE O level right? :S

WE do have. THis is very important. THis comes under non profit organisations

 

[Sizzling Angel]

does any1 hve any gud notes on accounting...or any examples frm each topic...lyk fr a quick revision? i need 1...

 

[Sarah Paul]

http://www.mediafire.com/?fsixph1lvxr9r#x7r7z9dq5wazs

 

[Sizzling Angel]

thnk u soooo much Shara Nafez

 

[Sarah Paul]

thnk u soooo much Shara Nafez

Ur welcome

 

[Mohammad Hasham]

http://www.mediafire.com/?fsixph1lvxr9r#x7r7z9dq5wazs

thanks ..........

 

[Iishrak]

WE do have. THis is very important. THis comes under non profit organisations

stock revaluation? we HAVE IT?? :O :O whaaaaaaaaaaaaaaat

 

[Just visiting]

can anyone please tell me if the balance sheet still has loans under financed by or if it was moved up
and if i should include working capital and capital employed in it​

 

[Iishrak]

can anyone please tell me if the balance sheet still has loans under financed by or if it was moved up​

and if i should include working capital and capital employed in it​

it doesn't matter, marks won't be deducted as long as u have the correct net assets, and abt working capital, what i do is look for the question if it requires that, if it doesn't i don't include it.

 

[Just visiting]

it doesn't matter, marks won't be deducted as long as u have the correct net assets, and abt working capital, what i do is look for the question if it requires that, if it doesn't i don't include it.

thanks but what net assets if you use regular BS it shouldnt have these

 

[Iishrak]

assets- liablities = net assets or in other words capital, it won't harm if u include 'em.

 

[Just visiting]

assets- liablities = net assets or in other words capital, it won't harm if u include 'em.

okaaay...
Thanks man
so just to make myself clear....
u saying i should always keep my working capital but should i name it net assets or working C.
and for that loan it doesnt matter after or before financed by

 

[Sarah Paul]

stock revaluation? we HAVE IT?? :O :O whaaaaaaaaaaaaaaat

Yep its damn easy Reffer the link which i posted and if u still cant understand il help u

 

[Sarah Paul]

stock revaluation? we HAVE IT?? :O :O whaaaaaaaaaaaaaaat

Stock revaluation u have to just take the lowest value. Thats all

 

[Bachelor]

The subscription account format is the same as the accruals and prepayments and income account. It is the opposite of the accruals and prepayments account.
The format is: in the debit side of the subscriptions account you have the following entries:
Accrual B/D
Income and Expenditure
Prepaid C/D

In the credit side of the subscription account you have the following entries:
Prepaid B/D
Cash/Bank
Accrual C/D

The missing figure is the Income and Expenditure

For the stock revaluation we will always have to consider the lowest value. You have no format for stock valuation

for stock revaluation u always look for the lower of either cost or net realisable value whch is market value....