0
What are the journal entries to record depreciation of factory equipment?
Wiki User
∙ 12y ago
dr factory overhead and cr accum depreciation-equip
Wiki User
∙ 12y ago
Wiki User
∙ 9y agodebit depreciation
credit asset
Add your answer:
Earn +20 pts
What are journal entries for depreciation?
Depreciation a/c Dr. To Assets a/c What_is_journal_entrydebits and credits of all transaction What_is_the_journal_entry_for_purchase_discountPurchase A/c........Dr To Discount Recievable A/c To Party name A/
When a company purchases equipment on account what journal entries are created?
debit equipmentcredit accounts payable
What is the difference between journal entries vs adjusting entries?
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
What are Journal entries for a deposit included in rent income?
what the journal entries of stationery at hand
What is the journal entry accumulated depreciation?
[Debit] Depreciation account [Credit] Accumulated depreciation
Why you pass general journal entries?
example of an depreciation asset
How to add depreciation to asset in quickbookS?
Journal entry is required for depreciation in quickbooks as well as FAS for peachtree also can be used to automatically record depreciation entries
What are journal entries for depreciation?
Depreciation a/c Dr. To Assets a/c What_is_journal_entrydebits and credits of all transaction What_is_the_journal_entry_for_purchase_discountPurchase A/c........Dr To Discount Recievable A/c To Party name A/
What are the accounting journal entries to record donated equipment?
debit assetcredit donations
What are the accounting journal entries to record installiation of equipment?
debit installation chargescredit cash
When a company purchases equipment on account what journal entries are created?
debit equipmentcredit accounts payable
What is the journal entries for disposal of fixed asset?
cr asset account for cost price dr accumulated depreciation for asset depreciation cr asset sale account dr/cr profit/loss on asset account
What is the difference between journal entries vs adjusting entries?
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
What are Journal entries for a deposit included in rent income?
what the journal entries of stationery at hand
What is the journal entry accumulated depreciation?
[Debit] Depreciation account [Credit] Accumulated depreciation
How do the adjusting entries differ from othe journal entries?
Journal entries are those entries which are recorded first time when any transaction occured while adjusting entries are only recorded when there is any adjustment required in previously created journal entry.
Should journal entries be listed chronologically?
Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.
