E T B I C MBA AGU

Adjustment of accrued expenses in Final Accounts

How to treat the adjustment "Various Administration Expenses Accrued" . Please show the answer in Adjusted Trial Balance then from adjusted trial balance to P&L and Balance Sheet.

Book balance is as follows as at 31-12-94
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asked Jun 18, 2016 in Trial Balance, Profit & Loss Account and Balance Sheet by Shaws (19 points) 190 views
edited Jun 18, 2016 by Shaws

1 Answer

0 votes

Administrative Expenses 3.079612.89 will appear on the Debit side of Profit & Loss A/c

Accrued Expenses 252,900.00 will be shown on the Liability side of Balance Sheet.

answered Jun 19, 2016 by jbsclasses (3,967 points)
Thank you Sir.
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