Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Debits & Credits??

  • 06-01-2013 5:11pm
    #1
    Dietsquirt
    Closed Accounts Posts: 676 ✭✭✭


    I have my 3rd Year of College Accounting exam tomorrow and a compulsory question is to do a 'Trading Profit and Loss Account & Appropriations and Balance Sheet'.

    I have a pretty good command of it but i rarely get it to balance, i'm usually 200/300 out. There's a couple of entries in the additional notes that i reckon i'm doing wrong.

    If there's any accounting heads out there that can give me the 2 entries for the following (i.e where in the P&L and where on the balance sheet) they go, that'd be a great help.

    Thanks:

    i) The provision for Doubtful Debts is to be increased by 300
    ii) A provision is to be made for preference share dividend
    iii) A final ordinary share dividend of 30 cent per share is proposed
    iv) Distribution Costs have been prepaid
    v) PAYE & PRSI due at the end of the year amount to 4000


    NB: I assume 'provision for bad debts' is the same as 'provison for doubtful debts'


Advertisement