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custom3r

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Active 5 years ago
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  • August 19, 2013 at 10:21 am #138544
    6378c783f761b01bb5badf5933b23ea2e7f939a2f504c283c0dabc6e651dbbd7 80custom3r
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    Thx a lot. I understood.

    August 19, 2013 at 8:52 am #138533
    6378c783f761b01bb5badf5933b23ea2e7f939a2f504c283c0dabc6e651dbbd7 80custom3r
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    Okay. But how can i determine it? Related to F3 study text there are following rules:

    Dr+ entry shows increase in:
    1) Assets
    2) Expenses
    3) Losses

    Cr+ entry shows increase in:
    1) Capital
    2) Income
    3) Liability

    According to these rule the does the opening inventory relate to expenses? (cause opening inventory shows in debit side)

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