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double entry and book keeping

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › double entry and book keeping

  • This topic has 1 reply, 1 voice, and was last updated 6 years ago by nokthu.
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  • April 18, 2016 at 10:14 am #311073
    nokthu
    Member
    • Topics: 11
    • Replies: 11
    • ☆

    Kindly help, i usually get confused though i watched the lecture. My question is I managed to answer all the other questions except for the two.

    To extract the TB you enter the information in appropriate ledger accounts. am not sure about the following:

    1. Depreciation charge of K1,500. I, DR depr expense a/c $1,500
    CR statement OFP $ 1,500
    Which on do r record in the trial balance?

    2. cash prepaid of $900 for rent and owing amounting to $500 for water. This one got me confused on how to write the ledger accounts and what to record for the trial balance.

    kindly explain sir.

    April 18, 2016 at 10:49 am #311096
    nokthu
    Member
    • Topics: 11
    • Replies: 11
    • ☆

    on question 1,its supposed to read which on do i record in the trial balance

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