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Dears, Kindly, how to record each of the following termstransactions in financial statements, and under which accounts? Transactions Accounting Equation Journal Ledger Accrual Basis Cash
Dears,
Kindly, how to record each of the following terms\transactions in financial statements, and under which accounts?
- Transactions
- Accounting Equation
- Journal
- Ledger
- Accrual Basis
- Cash Basis
- Adjusting Entries
- Unearned Revenues
- Accounting for Uncollectible Receivable
- Allowance Method
- Age of Accounts Receivable
- Direct Write-off method
- Inventory Costing
- Recording Inventory Purchases
- Recording Purchase Returns
- Recording Inventory Sales
- Recording settlement Discount
- Estimating Inventory Gross Profit
- Measurement of PPE on Initial Recognition
- Allocating Depreciation On PPE
- Classes of shares:
- Ordinary Shares at Par.
- Ordinary Shares above Par.
- Shares issued for assets Other than cash. (Retained earnings-Cash Dividends)
Note: Please, explain in details, if you could use examples, and I'll appreciate it if you do it ASAP.
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