October 30, 2016 admin

Other Deductions

Adjustments to Income

OTHER DEDUCTIONS ADDITIONS TO INCOME ACCOUNT
9450

ACCOUNT EXPLANATION
Any expense incurred not expressly provided for in this Manual, such as losses not covered by insurance, damage claims, and cash shortages and overages.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Used car theft loss not covered by insurance G
    Other Deductions 9450
      Inventory—Used Cars 1350
             
  Shortage on day’s cash sales PS
    Other Deductions 9450
      Cash Sales—Clearing 1010
COMMENTS
  • If charges to this account are significant in amount, a detailed analysis should be made for management review.