Professional Documents
Culture Documents
Intragroup Journals
Intragroup Journals
PPE
Transfer of PPE
Proceeds on sale of plant Dr
Carrying amount of asset sold Cr
Plant Cr
Deferred tax asset Dr
Income tax expense Cr
Accumulated depreciation Dr
Depreciation expense Cr
Depreciation expense Dr
Retained earnings (1/7/11) Dr
Accumulated Depreciation Cr
Dr Accum Dep
Cr Dep Exp
Cr Retained Earnings
Dr ITE
Dr Retained Earnings
Cr DTA
Sale of plant to inventory( from inventory to NCA)- gain
Proceeds on sale of machinery Dr
Carrying amount of machinery sold Cr
Cost of sales Cr
Dividend
Dividend Payable
Dr dividend Payable
Cr Dividend Receivable
Dividend declared
Dividend payable Dr
Dividend declared Cr
Dividend revenue Dr
Dividend receivable Cr
Dividend Paid:
Dr Dividend Revenue
Cr Dividend Paid
Services
Debentures
Debentures Dr
Debentures in Layla Ltd Cr
Interest:
Interest revenue Dr
Interest expense Cr
Interest payable Dr
Interest receivable
Intragroup service:
Dr Service revenue
Cr service expense
Rent:
Dr rent revenue
Cr rent expense
Bonus shares:
Dr Share capital
Cr bonus dividend paid