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Company acount- p+L
| Question | Answer |
|---|---|
| Salaries + general expense | Admin exp dr |
| Depreciation – office building | Administration expenses — DR |
| General expenses | Administration expenses — DR |
| Patents | Administration expenses — DR |
| Light and heat | Administration expenses — DR |
| Insurance | Administration expenses — DR |
| Rent | Administration expenses — DR |
| Depreciation – delivery van | Selling & distribution expenses — DR |
| Loss on disposal | Selling & distribution expenses — DR |
| Bad debts | Selling & distribution expenses — DR |
| Commission paid | Selling & distribution expenses — DR |
| Discount allowed | Selling & distribution expenses — DR |
| Advertising | Selling & distribution expenses — DR |
| Discount received | Operating income — CR |
| Rent received | Operating income — CR |
| Commission received | Operating income — CR |
| Profit on disposal | Operating income — CR |
| Bad debts recovered | Operating income — CR |
| Decrease in provision for doubtful debts | Operating income — CR |
Created by:
Eoin_conway