Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
ACCRUALS
NO CASH
Debit RECEIVABLE
Credit REVENUE
Examples:
NO CASH
Debit EXPENSE
Credit PAYABLE
Examples:
Owed employees $12,000 for salaries for work done in the last
week of December 2005 (year end). The expense had not been
recorded.
Example:
Debit EXPENSE
Credit ASSET
1/1/05 $ 2,000
Purchased, 2005 15,000
Available for use $17,000
On hand 12/31/05 ( 1,200)
Supplies USED $ 15,800
Adjusting entry:
Supplies expense 15,800
Supplies 15,800
3. Building–Depreciation
Debit EXPENSE
Credit CONTRA ASSET