Question

1/5th of general expense and taxes and insurance to be charged to factory and balance to the office adjustment?

Answer 1

Answer:

Explanation:

The amount of general expenses and taxes given in the trial balance will be split into two - 1/5th and 4/5th

1/5th amount will be posted to the Trading A/c on the debit side and 4/5th amount will be posted to profit and loss A/c on the debit side