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
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.