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Answer to Question #127393 in Accounting for cstamayne
Question #127393
Dr Inventory 300
Cr Cost of sales 300
Dr Cost sales 250
Cr Retained earnings 250⅞
Dr Tax expense (50 x 30%) 15
Dr Retained earnings (250 x 30%) 75
Cr Tax liability (300 x 30%) 90
.........
How do I give narrations to the above journal entries? Ias8
Cr Cost of sales 300
Dr Cost sales 250
Cr Retained earnings 250⅞
Dr Tax expense (50 x 30%) 15
Dr Retained earnings (250 x 30%) 75
Cr Tax liability (300 x 30%) 90
.........
How do I give narrations to the above journal entries? Ias8
Expert's answer
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