Question
I want to record $500 depreciation in journal. How should i use following accounts to record 416 - Depreciation 418 - Bad and Doubtful Debts
I want to record $500 depreciation in journal. How should i use following accounts to record
416 - Depreciation 418 - Bad and Doubtful Debts 420 - Entertainment 425 - Freight & Courier 429 - Equipment Hire 433 - Insurance 437 - Interest Expense 441 - Legal expenses 445 - Light, Power, Heating 449 - Motor Vehicle Expenses 453 - Office Expenses 461 - Printing & Stationery 469 - Rent 473 - Repairs and Maintenance 477 - Wages and Salaries 478 - Superannuation 485 - Subscriptions 489 - Telephone & Internet 493 - Travel - National 494 - Travel - International 496 - Low Value Tools & Equipment 499 - Realised Currency Gains 500 - Distributions to Partners 505 - Income Tax Expense 510 - Loss on Disposal of Assets Assets 620 - Prepayments 635 - Allowance for Doubtful Debts 640 - Stock on Hand 710 - Plumbing Equipment 711 - Less Accumulated Depreciation on Plumbing Equipment 720 - Computer Equipment 721 - Less Accumulated Depreciation on Computer Equipment 730 - Motor Vehicles 731 - Less Accumulated Depreciation on Motor Vehicles 740 - Capital Gain on Disposal of Assets Liabilities 805 - Accrued Expenses 810 - Contra Clearing Account 820 - GST 830 - Income Tax Payable 840 - Historical Adjustment 850 - Suspense 860 - Rounding
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