Accounting Help

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

Mar 19, 2011

Accounting Help by dylan2228 at 12:41 AM (552 Views / 0 Likes) 2 replies

  1. dylan2228
    OP

    Newcomer dylan2228 Advanced Member

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    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

    Member The Pi Lurker

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    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

    Newcomer dylan2228 Advanced Member

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    ok thx that should work
     

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