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-   -   Css 2018 (http://www.cssforum.com.pk/css-optional-subjects/group-i/accounting-auditing/123633-css-2018-a.html)

Stalin Thursday, April 18, 2019 04:04 PM

Css 2018
Can someone explain what the adjusting entry of the highlighted part would be?


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Mir Shahnawaz Friday, April 19, 2019 03:52 AM

Hope this helps, there's one catch, the income summary. the question doesn't requires it, but again the person on the other end of the paper might deduct marks.

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waqarmughal Thursday, November 07, 2019 04:52 PM

Issue Store Supplies Entry
I think the entry for Store supplies should be

Supplies Exp(Dr) 3500

Store Supplies(Cr) 3500

as you are making adjusted trail balance with figure 1500

waqarmughal Thursday, November 07, 2019 05:03 PM

Closing Stock Inventory Adjustment
Don't you think
Closing Stock Inventory Adjustment would be like this.
How can we create a summery account.

Closing Stock Adjustment

Purchases(CR) 95000
Opening Merchandise Inv(CR) 45000
Purchases Ret(DR) 6500
CGS(DR) 98500
Closing Merchandise Inv(DR) 35000
[B]Total 140000 140000[/B]

04:09 AM (GMT +5)

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