When a company maintains its books using the accrual basis, an expense that was incurred during the period is recorded in that period, even if it has not been paid by the end of the period or the vendor's invoice was not received until the following period. A company's bookkeeper or accountant uses adjusting entries to ensure that all expenses for the period are included on a company's income statement.

amount piad in advance for future service,cash or other assets, which are expected to be converted to cash wthin the next accoutning period ,transfer of revenue and expense account from their individual summary: account to the profit and loss account .

3000 advertising expenses / 10 advertisements = 300/adv. 300*7 = 2100 3000-2100 = 900

Those voices that you put under DEBITS and CREDITS, on which point of view have been accounted: Financial one? economical one? Which are the most common voices that you can consider in each field (if those are the points of view of your countability?) the Ledge BANK is Economical or Financial?in it will come first Revenues (credits, positive voices)and then Costs(debits, negative voices)? I'm quite confused and an help at this point could be useful to go on, I'm not able to remember from school and need an international point of view I guess. TYVM, Stefania

where can i put my answers