[Debit] Loan to director 15000
[Credit] Cash / bank 15000
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
debit accounts receivablecredit sales revenue
debit Bank 450credit accounts payable 450
general ledger, general journal, special ledger, special journal, column balance ledger.
debit equipmentcredit accounts payable
debit purchasescredit accounts payable*For purchases (supplies, office materials, etc.) on accountPurchases xxAccounts Payable xx*During payment of purchases on accountAccounts Payable xxPurchases xxNOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^
Debit Accounts receivable 9157 credit Sales revenue 9157
Goods must be transferred to end user or third party before recording of sales journal entry in company's books of accounts.
Purchase Credit Journal Entry is the journal entry passed by the company in the purchase journal of the date when the company purchases any inventory from the third party on the terms of credit. The purchases account will be debited. The creditor’s account or account payable account will be credited to the company’s books of accounts. visit our page : ieqsgroup .com/about-us
debit accounts receivablecredit sales revenue
First of all, all accounts needs to be defined in company charts of accounts. So if any account is not already exists, first create it in charts of accounts for any transaction.