I'm making an accounting worksheet, and need to know how to sort these accounts. I did the trial balance, but need help with Income Statement and Balance sheet columns.
For the Income Statement and Balance sheet columns, do I put the account balances for these accounts under debit or credit?
Cash
Accounts Receivable
Vehicle
Equipment
Accounts Payable
Ross Capital
Sales
Ad Expense
Insurance Expense
Rent Expense
Utilities Expense
Supplies Expense
please help! Im just lost and the instruction is not helpful
Help with accounting?
2015-12-04 10:44 pm
回答 (3)
2015-12-04 11:12 pm
The income statement, also called the profit and loss statement, is a report that shows the income, expenses, and resulting profits or losses of a company during a specific time period.
Here are a few pointers that may be useful:
http://www.vertex42.com/ExcelTemplates/income-statement.html
http://www.myaccountingcourse.com/financial-statements/
Here are a few pointers that may be useful:
http://www.vertex42.com/ExcelTemplates/income-statement.html
http://www.myaccountingcourse.com/financial-statements/
2015-12-05 8:50 am
The expanded accounting equation is
Assets = Liabilities + Capital + Revenue – Expenses – Drawings
Rearranged to
Assets + Expenses + Drawings = Liabilities + Capital + Revenue
Debit means on the left hand side of the equation, credit means on the right side of the equation
DR Cash
DR Accounts Receivable
DR Vehicle
DR Equipment
CR Accounts Payable
CR Ross Capital
CR Sales
DR Ad Expense
DR Insurance Expense
DR Rent Expense
DR Utilities Expense
DR Supplies Expense
Assets = Liabilities + Capital + Revenue – Expenses – Drawings
Rearranged to
Assets + Expenses + Drawings = Liabilities + Capital + Revenue
Debit means on the left hand side of the equation, credit means on the right side of the equation
DR Cash
DR Accounts Receivable
DR Vehicle
DR Equipment
CR Accounts Payable
CR Ross Capital
CR Sales
DR Ad Expense
DR Insurance Expense
DR Rent Expense
DR Utilities Expense
DR Supplies Expense
2015-12-04 10:45 pm
chegg.com
收錄日期: 2021-04-21 15:32:11
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