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Stuck on a simple double entry

Is it Debit : Goodwill (To All Men), Credit : Owner's Capital Account? 

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By tom123
24th Dec 2012 10:06

Re

Ho Ho Ho

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By 3569787
03rd May 2016 17:20

Creative accounting?

!

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By mcchoc
24th Dec 2012 12:15

Creative accounting?

Thee may be reet, lad, but at least ah've got messen a dictionary. Can't find 'Receiptant' - is it someone in the returns queue at Marks & Spencer with a reindeer sweater in a plastic bag, and clutching a grubby piece of paper?

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24th Dec 2012 16:14

No! It is:

Dr P&L (Waste of Money)

Cr Cash (Ditto)

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27th Dec 2012 22:02

I believe the other side of the double entry would be to credit the account 'Global Defence Spending'
This will correctly decrease this expenditure account to provide 'Peace on Earth'
:-)

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