After the preparation of the trial balance and audit may be modified assets of some accounts, when it is preparing restrictions revisionism called inventory settlement restrictions.
is a restrictions inventory accounting is in the preparation of the restrictions to settle some accounts and adjust their assets commensurate with the changes that have taken place on the account at the end of the financial period, in order to access the result of the work of the project of اوخسارة won the financial center correctly.
Inventory of revenue and expenses: the settlement
of accounts which may need to be forfeited to the work of the settlement restrictions are the income and expenditure accounts, according to the principle of meritocracy, it is revenue and earnings for the current financial period, whether collected during the period or not collected, as well as proof of expenses and losses for the current financial period whether paid during the current period or did not pay, any sense of loading the current financial period, the revenues and expenses of their own, in order to reach the real outcome of the net income from اوخسارة won.
Inventory 1,174,300 settlement
could be definition of expenses as the amounts to be paid for the service, when the facility to pay per diem for service can be opening an account on behalf of Metamorphism recorded in the debtor party as follows:
debtor and creditor statement
xxx from h/Name disbursal
xxx to h/Fund or the World Bank
charged disbursal in cash or check drawn on the bank
in 01/01/2015 The Peace company to pay $1,000 dollars pocket money health insurance, the desired value has been paid in cash.
debtor and creditor Statement
1000 h/CP.Health Insurance
1000 to h/fund
to pay health insurance pocket money in cash
at the end of the financial period shows the calculation of the Disbursal in the income list, minus the income of the current period to know the result of the work of the established profit or loss.
after the preparation of the trial balance and auditing expenses account may prove to have established that the expenses paid in current period but for the next financial period when, according to the principle of meritocracy is excluded the amount paid for the next financial period and download the current financial period this Disbursal by opening an account on behalf of the expenses paid in advance mediator recorded in the debtor party to reduce expenses by scoring the party creditor account.
Under a settlement to reduce the value of the value of the advance payment of per diem per diem
debtor creditor statement
xxx from h/prepaid expenses
xxx to h/per diem
expenses paid in advance to prove
that the expense of prepaid expenses is one of the asset accounts at the end of the financial period appears in the list of the financial position (Balance Sheet) in the assets side and not on the list of income.
in 01/08/2015 The Peace company to pay $450m in cash, with the participation of the Internet for a year.
The daily required : Registration Restrictions