The ledger of Desai Catering contains the following balances: Retained Earnings 30,000, Dividends 2,000, Service Revenue 58,000,
Question:
The ledger of Desai Catering contains the following balances: Retained Earnings ₹30,000, Dividends ₹2,000, Service Revenue ₹58,000, Salaries and Wages Expense ₹39,000, and Supplies Expense ₹7,000. Prepare the closing entries at December 31.
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To close the temporary accounts revenue expenses and dividends at the end of the ac...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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