Question

What is signboard?Is it an assest or expense for the business? I am not able to understand adjustments like A new signboard costing 1500 is included in advertising.plz give me the treatment of this?what is Brokerage and Donation given in particular column of Trial balance?In one way it can be income or can be expense for the business?which should I consider? This is part of DK GOEL Q 11(B) part.

Answer 1

Soundboard is an asset for business

Yes signboard costing 1500 is included in advertising.