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How do you pass journal entries for partner's admission?
[Debit] Cash / bank / goods / assets [Credit] Partner's capital account
Should pass journal entries first in tally 7.2 or open ledger?
furniture account a/c dr 10000 to cash a/c 10000 journal entries are always passed first than ledger creation.
Why you pass general journal entries?
example of an depreciation asset
Pass the journal entry for loss by theft?
loss by theft A/c to purchases
Can you make a journal entry To Do in tally?
yes,without the knowledge of journal entries one cannot pass journal entry in tally tally focuses on accounting principles(real a/c,personal a/c,nominal a/c) from the beginning of journal entries to the final stage,i.e.,preparation of profit and loss account and balance sheet in an easy manner so that even a lay man can grasp the subject easily.
Goods of Rs 1400 purchased from Ram although entered in purchase book was not recorded in Ram's account Pass journal entries for the following?
purchase 1400 dr. ram 1400 cr.
How do you pass the journal entries for salary deductions?
[Debit] Salaries Expense [Credit] Salaries payable (balancing amount) [Credit] Deductions
Mr x purchase goods for Rs 1000 from Mr amol. pass journal entry?
debit purchases 1000credit cash 1000
When A pays to B of rs 500 on behalf of C pass the journal entry?
(debit) A account 500 (Credit) C account 500
How do you pass journal entry of salary payable?
salary account debtor to salary outstanding account
Does opening stock appear in the trial balance?
opening stock doesn't come in trail balance because trail balance is the balance of ledger accounts or where only two way process of dr and cr is there and we do not pass entries for consumption in journal and do not prepare any ledger account for it. That's it
How do you pass JV for term loan taken by bank and direct payment to be made by bank to creditors?
To pass a journal voucher (JV) for a term loan taken from a bank, you would debit the bank account to reflect the increase in cash and credit the loan liability account to show the obligation to repay the bank. For the direct payment made by the bank to creditors, you would debit the creditor's account to reduce the liability and credit the bank account to reflect the outflow of cash. Ensure that all entries are supported by appropriate documentation, such as loan agreements and payment authorizations.
