Post by account_disabled on Mar 14, 2024 0:32:00 GMT -5
An example case is as follows: The balance of the building rental account that was paid in advance was IDR , , , which is a figure that does not reflect the actual situation. This is because rent of IDR , , has been used. So, the rental expense will increase and the rent paid in advance will decrease by IDR , , . Date Information Ref Debit Credit December Rental expenses IDR , , ,- Prepaid lease IDR , , ,- . Equipment Depreciation Apart from these three things, there are also other things that must be noted when recognizing depreciation expenses or depreciation expenses by a company. An example case is as follows: In the December period, there was information regarding depreciation expenses of IDR.
Thus, adding to the depreciation expense and accumulated depreciation worth Rp. , , .-. You can make adjusting journal entries as follows: Date Information Ref Debit Credit December Equipment Depreciation Expense IDR , , ,- Accumulated Equipment Depreciation IDR , , ,- . Unearned Income It may not be recorded as income if the income is received in Bulk Lead advance. However, it is recorded as a debt. This is because the company has not realized the income so it is not yet a right for the company. An example case is as follows: Income received in advance has a balance of IDR , , . However, until the end of the period the company can only work out IDR , , . So, it is recorded as increased rental income and advance income to IDR.
This means that there is still IDR , , which is still owed to the company's income. Date Information Ref Debit Credit December Prepaid income IDR , , ,- Rental Income IDR , , ,- Also read: Definition of Profit and Loss Statement, Types, Functions, and Examples . Remaining Equipment or Use of Equipment Equipment is material purchased for the purposes of company operations and is not intended to be resold. So, companies must record equipment usage. Or you can also do a physical count of the amount of equipment remaining. An example case is as follows: The equipment account has a balance of IDR , , on the trial balance. At the end of the period, there is information regarding the remaining equipment, namely IDR , , . So, the company has used equipment amounting to IDR - minus IDR which is IDR.
Thus, adding to the depreciation expense and accumulated depreciation worth Rp. , , .-. You can make adjusting journal entries as follows: Date Information Ref Debit Credit December Equipment Depreciation Expense IDR , , ,- Accumulated Equipment Depreciation IDR , , ,- . Unearned Income It may not be recorded as income if the income is received in Bulk Lead advance. However, it is recorded as a debt. This is because the company has not realized the income so it is not yet a right for the company. An example case is as follows: Income received in advance has a balance of IDR , , . However, until the end of the period the company can only work out IDR , , . So, it is recorded as increased rental income and advance income to IDR.
This means that there is still IDR , , which is still owed to the company's income. Date Information Ref Debit Credit December Prepaid income IDR , , ,- Rental Income IDR , , ,- Also read: Definition of Profit and Loss Statement, Types, Functions, and Examples . Remaining Equipment or Use of Equipment Equipment is material purchased for the purposes of company operations and is not intended to be resold. So, companies must record equipment usage. Or you can also do a physical count of the amount of equipment remaining. An example case is as follows: The equipment account has a balance of IDR , , on the trial balance. At the end of the period, there is information regarding the remaining equipment, namely IDR , , . So, the company has used equipment amounting to IDR - minus IDR which is IDR.