All Junior Cert Business Studies posts
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    final account adjustments Heba_9839

    are there any tricks to learning where everything goes? or has anyone got any good notes on where they all go?

    1. avatar image

      JackW

      Expenses due are added to that expense and placed as a current liability

      Expenses prepaid are subtracted from that expense and placed as a current asset

      Gains due are added to that gain and entered as a current asset

      Gains prepaid are subtracted from that gain and entered as a current liability

      If you are asked to calculate dividends it is a percentage of issued share capital and placed as a current liability

    2. avatar image

      tiom1

      are you muslim

      if you are assalamualaykum (peace be upon you)

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      Me

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