administration expenses

adamkadamk Just JoinedPosts: 1Registered
If you have got a opening bal on both sides and a closing bal on both sides, and on the debit a entry from the bank , how would you close this off?

Comments

  • EsmeEsme Experienced Mentor Posts: 711Registered
    I don't understand what you mean, u cant have balances on both sides, do u mean entries on both sides? Admin expenses should always be brought down on the debit side.
  • BluewednesdayBluewednesday Font Of All Knowledge Posts: 1,624Registered
    Are there prepayments brought and carried down?

    That might explain entries on both sides
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