The Stock Control account is now complete. (we have not done stock write down yet ... soon). Learn these debits and credits. Know which each entry means and the source journal.
Debtors Control
Creditors Control
GST Clearing
Capital ... this one shows net profit.
Disposal of NCA ... this one is for cash and shows a loss on disposal.
Disposal of NCA ... this one is a trade-in and shows a profit on disposal.
No comments:
Post a Comment