02-07-2010, 09:21 PM
assalamualykum,
i m running an institute, have made monthly expense and income report and throgh that i have prepared my statements (trial balance, income statement and balance sheet) from july to jan 09-10. i have maintained an account for this branch called credit from headoffice which is a liability account as a new branch we started was been supported by headoffice, now when new branch is been earning profit and i want to return the credit all i m doing is debit credit from headoffice and credit cash am i ok with this? second i know there are some adjustments i should make in regard of stationary, office supplies, and depreciation but i want to know is there any way i should find how should i depreciate assets, i got furniture, computers, acs, ups, generators, i m asking is there a schedule describing depreciation about different assets? or should i just do it by my own practice? third thing i got an account of rep & maintainance, which involve reparing like wiring, telephone set repairs, office bell repairs, like these, and want to ask does this account also will be adjusted at year end? as office bell telephone set will be further used. fourth one is i got an account of advertisment , which include sign boards, skins now should i make adjustment of these too? as i will using them in next accounting period should i capitalize these or ? here is the report i have uploaded so you can see i m doing ok or not, first report is named final which presents monthly data second is u.c statements which holds statements..see if you can guide me better. jazakALLAH
http//www.4shared.com/file/216838238/1d5c62ff/uc_96statements.html
http//www.4shared.com/file/216839407/1aff377a/fin97al.html
i m running an institute, have made monthly expense and income report and throgh that i have prepared my statements (trial balance, income statement and balance sheet) from july to jan 09-10. i have maintained an account for this branch called credit from headoffice which is a liability account as a new branch we started was been supported by headoffice, now when new branch is been earning profit and i want to return the credit all i m doing is debit credit from headoffice and credit cash am i ok with this? second i know there are some adjustments i should make in regard of stationary, office supplies, and depreciation but i want to know is there any way i should find how should i depreciate assets, i got furniture, computers, acs, ups, generators, i m asking is there a schedule describing depreciation about different assets? or should i just do it by my own practice? third thing i got an account of rep & maintainance, which involve reparing like wiring, telephone set repairs, office bell repairs, like these, and want to ask does this account also will be adjusted at year end? as office bell telephone set will be further used. fourth one is i got an account of advertisment , which include sign boards, skins now should i make adjustment of these too? as i will using them in next accounting period should i capitalize these or ? here is the report i have uploaded so you can see i m doing ok or not, first report is named final which presents monthly data second is u.c statements which holds statements..see if you can guide me better. jazakALLAH
http//www.4shared.com/file/216838238/1d5c62ff/uc_96statements.html
http//www.4shared.com/file/216839407/1aff377a/fin97al.html
