Accountant Forums


Reply
Thread Tools

please answer this question

 
 
Junior Member
Join Date: Jan 2012
Posts: 1
Thanked: 0
 
      01-07-2012, 08:52 PM
Hi,
i am Aisha from UAE , Dubai , accounting student.
could you help me please.

when I buy water from the Oasis Company, I must pay a deposit of AED 35 for the water bottle. When I return the water bottle, I will receive AED 35 back. The AED 35 would be recorded as a liability for the Oasis Company

this is what we call it Returnable Containers/Deposits

what is the journal entry for this question ??
 
Reply With Quote
 
 
 
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can someone please help answer my accounting questions please? tmantim69 UK Accountancy 0 12-14-2007 05:22 AM
Im looking for an answer to a very simple QUESTION!!! Please help gabe c Microsoft Money 1 11-04-2004 06:30 PM
Re: Please, need fast answer on PeachTree Deal Jack Hatfield Accounting 0 08-16-2003 12:26 AM
Re: Please, need fast answer on PeachTree Deal Jim Turner Accounting 0 08-15-2003 01:30 PM
Brett-- Can you help answer my question? Please DIANA Bankruptcy 2 08-05-2003 06:38 PM


All times are GMT. The time now is 07:51 PM.
Posts in this forum do not constitute the advice of AccountantForums.com or its members. Financial advice should always be taken from qualified advisors before committing to a financial decision.