Two Types of Goods Return:
Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods
For Examples :
Purchases goods from Mrs. Kuheli Rs. 2000
Answer:
The requirements are missing, so I looked for similar questions. You should make any necessary adjusting entries on the accounting equation. Since there is not enough room here, I used an excel spreadsheet.
Answer and Explanation:
Data provided
Depreciation = $185 million
The Journal entry is shown below:-
Depreciation expense $185 million
To Accumulated depreciation $185 million
(Being depreciation expenses is recorded)
Here we debited depreciation expense as expenses are increasing whereas we credited the accumulated depreciation as the assets decreasing.
i believe it is all but 2
Budgeting, and Putting money in the bank.
