Question

While preparing an income and expenses a/c, an adjustent was given as coahing expenses are charged for 11months.What will be the entry in he income and expenses a/c?

Answer 1

Answer:

This entry will be shown in income and expenses account as coaching expense on Dr. side and the amount should be shown as it is ... there for sure will be a adjustment for this as outstanding coaching expense so the adjustment will be further for 1 month will be calculated and should be added in the previous amount...