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What do you think is happening at the time of the journal entries?
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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.
Journal entries at year end?
journal entries can be prepared at any time.there is no particular time/day/month/year.only if it is mentioned in question we prepare it according to given data.
When is it necessary to include vendor name in an accounts payable entry in a journal?
It is good practice to always include the vendor name in the journal entries. Journal entries are the books of "origin". When transaction occur the transaction is then recorded in the journal, at a later date or time, the entries are then added to the Ledger where each account for the company has a separate account.Adding the vendor name to the journal entry can assure that the proper account is debited or credited when the entry is recorded in the ledger.
What are leasing journal entries?
Leasing journal entries are the accounting entries made in the books of accounts to record the lease transactions. These entries typically include debiting the lease expense account and crediting either the lease liability account (for capital leases) or the lease payable account (for operating leases). Additional entries may be made to record any initial payments, interest expense, amortization of the leased asset, and the reduction of the lease liability over time.
When are closing entries journalized and posted?
Many companies vary on when they do closing entries. Closing entries are posted to the journal, then the ledger and then a post closing trial balance is made to determine the Retained Earnings of a business for a certain period of time, many companies do this monthly. However, each company varies on the accounting period they choose to do this in.
What are some creative honors project ideas?
make a video write a story do a time line write a poem analogize a poem analyse a play write journal entries
If a scientist can predict when a eclipse is happening what do you think the time would be?
Time to rejoice!
What are the proper Accounting journal entries for dividends payable?
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
Does Marco Polo have a journal?
yes. Marco polo did have a journal that edvenully got tured into a book. but that was a long time ago i don't think you can get the book anymore.
What is the journal entry in the declaration of dividends?
The journal entries for different time periods are recorded as the following: 1 - When the dividend is declared: [Debit] Retained Earnings XXXX [Credit]Dividend Payable XXXX 2 - When the dividend is paid: [Debit] Dividend Payable XXXX [Credit] Cash/bank XXXX
What was happening in the history at the time of the blues?
the slave trade. thats all i could think of
What journal entries are made for a sale return?
Primarily, it is a reversal of the entry passed at the time of booking the sale:Sales [Debit] $value$Tax on sales [Debit] $value$(GST. excise, etc.)Accounts Receivable/Party [Credit] $value$
