Qualification > Commerce

accounts doubt~~AS level!!

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~cornelia~:
^thanks alot Dasith and lastgift!!

one more question! how do we know wether its Dr or Cr??

lastgift:
The total of expenses=$  650 is greater than the income $ 640.
The net effect of it implies that we need to reduce the profit by $10, thus you debit the P&L to record the loss. :)

Dasith:

--- Quote from: ~cornelia~ on October 19, 2011, 08:11:13 pm ---^thanks alot Dasith and lastgift!!

one more question! how do we know wether its Dr or Cr??

--- End quote ---

u r welcome :D , When do u hav u r exams ?


--- Quote from: lastgift on October 19, 2011, 10:53:51 pm ---The total of expenses=$  650 is greater than the income $ 640.
The net effect of it implies that we need to reduce the profit by $10, thus you debit the P&L to record the loss. :)

--- End quote ---

think u get da ans 4 u r q here ;)

lastgift:
Haha, yeah. Shared responsibility :P
You are through with your A levels?

Dasith:

--- Quote from: lastgift on October 20, 2011, 05:31:58 am ---Haha, yeah. Shared responsibility :P
You are through with your A levels?


--- End quote ---

hehe XD
yeap i did it in may :D

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