Post by admin1 on Feb 8, 2006 11:56:16 GMT -5
Here is a question asked by one fo the classmate:
I cannot find message board so I sent this mail.
1. Are flyer bins, color copies,and printer toners expenses belongs to office expenses or separate in different account
[glow=red,2,300]Lets use it as under office expense. [/glow]
2.1/31 Next nonth rent is sent out to us. We will pay it on 2/2 . Do we need do the transaction on 1/31?
Every month when we receive a bill like telephone bill ,internet bill ........ There is a due day. Do we do the transaction immediately or wait until we pay the bill then do the transaction.
[glow=red,2,300]Yes we would record the rent. It is true we have not paid it, but we can put it to an account right to be paid later. I will explain it on Thursday about cash vs. accrual accounting.
[/glow]
I cannot find message board so I sent this mail.
1. Are flyer bins, color copies,and printer toners expenses belongs to office expenses or separate in different account
[glow=red,2,300]Lets use it as under office expense. [/glow]
2.1/31 Next nonth rent is sent out to us. We will pay it on 2/2 . Do we need do the transaction on 1/31?
Every month when we receive a bill like telephone bill ,internet bill ........ There is a due day. Do we do the transaction immediately or wait until we pay the bill then do the transaction.
[glow=red,2,300]Yes we would record the rent. It is true we have not paid it, but we can put it to an account right to be paid later. I will explain it on Thursday about cash vs. accrual accounting.
[/glow]