Accounting Help

Discussion in 'General Off-Topic Chat' started by dylan2228, Mar 19, 2011.

  1. dylan2228
    OP

    dylan2228 Advanced Member

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    Jan 6, 2009
    Hey, this probably isnt the place to ask but i couldn't be bothered signing up anywhere else so ill ask anyway.
    I am working on my year 10 Accounting assignment and I need to record the following transaction in a general journal,
    I have no clue how to record this????
    Also, I am using MS Exel 2010 and following Australian business practices.

    Dylan 2228
     
  2. The Pi

    The Pi Lurker

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    Mar 18, 2010
    Scotland
    My accounting knowledge is rather weak (so this is more likely to be wrong that right business law is more my thing)

    The initial cost would be under expenses -> goods (or whatever you wish to call it) for the 6 month costs I'd put it in creditors (short term)

    Dont take my word for this, I go by the UK systems though but they shouldn't be that different.
     
  3. dylan2228
    OP

    dylan2228 Advanced Member

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    Jan 6, 2009
    ok thx that should work