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What is a purchase journal used for?
What is a purchase journal
What other types of journal can be used by a business?
what other types of journal can you think of that can be used by a business
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
Which subsidiary journal is used to record the inventory at the end of the year?
The subsidiary journal used to record inventory at the end of the year is the Inventory Adjustment journal. This journal is used to update the inventory records to reflect the actual quantity and value of inventory at the year-end.
What is a purchase journal?
Purchase journal is used to records all the purchases of business.
Which journal produced from the general ledger that is used as an output report?
Payroll journal
What entry do you make in the post reference column of the ledger to show that you posted the transactions from the journal?
The "Post Reference" or PR is used ona Ledger to lead you back to the original transaction by identifying the Journal and the page in the Journal. Example - GJ1 = General Journal, page 1. On a Journal the PR can be used to identify the account number used from the chart of accounts
What does a construction journal record?
Construction journal records everything and anything that is used or bought for a construction of a building or a site, as well as businesses and small companies. Depending on the definition used by Construction Journal.
Is there a synonym for journal?
Yes, "diary" or "log" could be used as synonyms for "journal."
What journal entries are used for predetermined overhead?
It is used for operating the deals .
What are the proforma journal entries used under the percentage of completion method?
Pro forma journal entries are used in a certain percentage of the completion method. They are generally used for construction projects.
What is used to correct a rccc ba or an eeic?
OF 1017-G, Journal Voucher
