Advanced Bookeeping Flashcards
Where does allowance for doubtful debts go in the ETB?
SFP
Where does depreciation charges go in the ETB?
SPL
Where does irrecoverable debts go in the ETB?
SPL
Where does the PLCA go in the ETB?
SFP
Where does the SLCA go in the ETB?
SFP
Where does sales go in the ETB?
SPL
Where does purchases go in the ETB?
SPL
Where does accumulated depreciation go in the ETB?
SFP
Where does prepayments go in the ETB?
SFP
Where does the allowance for doubtful debts: adjustment go in the ETB?
SPL
How do you close off the “at cost” accounts?
Do bal c/d
How do you close off the “depreciation charges” account off?
Post to SPL
How do you close off the “accumulated depreciation” account off?
Bal c/d
What side of the trial balance does carriage inwards go?
Debit
How do you close off the disposals account?
Post to the SPL
