Kihasibu: Hasara ya Milioni 400 usajili wa Aziz Ki kwenda Yanga

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Mkuu upo πŸ˜‚...!
 
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Ila hii double entry yako ni feki...baada ya ku recognise expenditure kwa kununua mchezaji which was also wrong.

Kwenye loss recognition entry you don't recognize expenditure again but rather you recognize loss kwenye P&L na Loss provision kwenye Balance sheet.

Correct double entries:

1. On player's acquisition:

Dr Investments in players (players are assets to the club)
Cr Bank

2. Writing off a player:

Dr P&L...player written off
Cr B/S ...Provision for players write off

3. On taking off the player from the club's books:

Dr B/S provision for players write off
Cr B/S investments in players

B/S ni Balance sheet aka statement of financial position.

Ukitaka kujua football players accounting angalia published accounts za listed football clubs hasa za United kingdom, freely available on the internet...usitegemee sana madesa yenu ya NBAA!
 
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