administration expenses

adamk
adamk Registered Posts: 1 New contributor ?
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

  • Esme
    Esme Registered Posts: 711
    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.
  • Bluewednesday
    Bluewednesday Registered Posts: 1,624
    Are there prepayments brought and carried down?

    That might explain entries on both sides
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