Re: 31st July 2012

by mabs Tue 31 Jul 2012, 14:55

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by mabs Tue 31 Jul 2012, 14:56

who is accounting expert here?

by mabs Tue 31 Jul 2012, 14:56

i got noob question to ask.. [You must be registered and logged in to see this image.]

by **phoenix777** Tue 31 Jul 2012, 14:57

mabs wrote:i got noob question to ask.. [You must be registered and logged in to see this image.]

ask n see? mayb noob like me can asw [You must be registered and logged in to see this image.]

by JF Tue 31 Jul 2012, 14:59

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by mabs Tue 31 Jul 2012, 14:59

ok..

for journal entries, furniture and office supplies: are they the same? can put together in the same journal??

by mabs Tue 31 Jul 2012, 15:00

jeefoh wrote:[You must be registered and logged in to see this image.]

wah! terrer this grandma

by JF Tue 31 Jul 2012, 15:09

mabs wrote:
jeefoh wrote:[You must be registered and logged in to see this image.]

wah! terrer this grandma

imagine my grandma do that...haha

by joker Tue 31 Jul 2012, 15:11

mabs wrote:ok..

for journal entries, furniture and office supplies: are they the same? can put together in the same journal??

Furniture mostly consider as an asset for company, but office supplies depends, some company recognize as expenses rather than asset, in accounting we call it materiality, if the amount of the office supplies is material to the company , then record it as an asset, immaterial record as expenses.
Juz my noob view. Maybe wrong Giggle

by mabs Tue 31 Jul 2012, 15:39

joker wrote:
mabs wrote:ok..

for journal entries, furniture and office supplies: are they the same? can put together in the same journal??
Furniture mostly consider as an asset for company, but office supplies depends, some company recognize as expenses rather than asset, in accounting we call it materiality, if the amount of the office supplies is material to the company , then record it as an asset, immaterial record as expenses.
Juz my noob view. Maybe wrong [You must be registered and logged in to see this image.]

congratulations. i lagi confuzed nao.. [You must be registered and logged in to see this image.]

this is only chapter 1 of my business accounting... pengsan la like that... [You must be registered and logged in to see this image.]

the fella asked me to journal the transactions.

so on bla bla date got paid cash RM5000 for furniture,
then bla bla date buy office supplies on credit RM2000. so can or cannot put together leh?

by mabs Tue 31 Jul 2012, 15:45

accounting god.... help.........

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by JF Tue 31 Jul 2012, 15:46

skpetro cd Hmm...

10k transac salah key in?

by JF Tue 31 Jul 2012, 15:48

mabs wrote:accounting god.... help.........

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me stdying currently accounting degree ... but till now confuse in double and journal entry~ Laugh

by mabs Tue 31 Jul 2012, 15:55

jeefoh wrote:
mabs wrote:accounting god.... help.........

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me stdying currently accounting degree ... but till now confuse in double and journal entry~ [You must be registered and logged in to see this image.]

oh noooooeesssss.... cals said u could help me.. [You must be registered and logged in to see this image.]

by JF Tue 31 Jul 2012, 15:59

mabs wrote:
jeefoh wrote:
mabs wrote:accounting god.... help.........

[You must be registered and logged in to see this image.]

me stdying currently accounting degree ... but till now confuse in double and journal entry~ [You must be registered and logged in to see this image.]

oh noooooeesssss.... cals said u could help me.. [You must be registered and logged in to see this image.]

haha, i clearly stated to him i duno double entry.. xD

joker can one.. becoz i no focus on entries... vry pening Puke

by joker Tue 31 Jul 2012, 16:03

mabs wrote:
joker wrote:
mabs wrote:ok..

for journal entries, furniture and office supplies: are they the same? can put together in the same journal??
Furniture mostly consider as an asset for company, but office supplies depends, some company recognize as expenses rather than asset, in accounting we call it materiality, if the amount of the office supplies is material to the company , then record it as an asset, immaterial record as expenses.
Juz my noob view. Maybe wrong [You must be registered and logged in to see this image.]

congratulations. i lagi confuzed nao.. [You must be registered and logged in to see this image.]

this is only chapter 1 of my business accounting... pengsan la like that... [You must be registered and logged in to see this image.]

the fella asked me to journal the transactions.

so on bla bla date got paid cash RM5000 for furniture,
then bla bla date buy office supplies on credit RM2000. so can or cannot put together leh?

so, debit furniture 5k, credit cash 5k. Debit office supplies 2k credit account payable 2k.

by JF Tue 31 Jul 2012, 16:06

joker wrote:
mabs wrote:
joker wrote:
mabs wrote:ok..

for journal entries, furniture and office supplies: are they the same? can put together in the same journal??
Furniture mostly consider as an asset for company, but office supplies depends, some company recognize as expenses rather than asset, in accounting we call it materiality, if the amount of the office supplies is material to the company , then record it as an asset, immaterial record as expenses.
Juz my noob view. Maybe wrong [You must be registered and logged in to see this image.]

congratulations. i lagi confuzed nao.. [You must be registered and logged in to see this image.]

this is only chapter 1 of my business accounting... pengsan la like that... [You must be registered and logged in to see this image.]

the fella asked me to journal the transactions.

so on bla bla date got paid cash RM5000 for furniture,
then bla bla date buy office supplies on credit RM2000. so can or cannot put together leh?
so, debit furniture 5k, credit cash 5k. Debit office supplies 2k credit account payable 2k.

joker boleh~ +1 Giggle

by mabs Tue 31 Jul 2012, 16:08

okok.. so i cannot combine furniture into office supplies. thanks joker!! [You must be registered and logged in to see this image.]

gib u rep +1

by joker Tue 31 Jul 2012, 16:36

Lol thx thx Blush

by **aam** Tue 31 Jul 2012, 16:41

say u foward to account department dy settle =.=

by JF Tue 31 Jul 2012, 16:54

aam wrote:say u foward to account department dy settle =.=

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by mabs Tue 31 Jul 2012, 17:00

aam wrote:say u foward to account department dy settle =.=

ahahahha.. then exam time oso write there:

"Forwarded to the accounts department. Please contact my PA."

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by **kppl** Tue 31 Jul 2012, 17:03

mabs wrote:
aam wrote:say u foward to account department dy settle =.=

ahahahha.. then exam time oso write there:

"Forwarded to the accounts department. Please contact my PA."

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Give u fail!

by mabs Tue 31 Jul 2012, 17:07

ahahaha...

oi! i pay u salary, dun u dare to fail me!

i iz boss. lecturer is taking my pay. [You must be registered and logged in to see this image.]

by mabs Tue 31 Jul 2012, 17:13

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