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Invested 1500 to start the business plus tools value at 500. what is the accounting journal entry for this transaction?
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∙ 10y ago
[Debit] Cash 1500
[Debit] Tools 500
[Credit] Capital 2000
Wiki User
∙ 10y ago
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Invested 1500 into business plus supply value 500. what is the accounting journal entry for this problem?
Invested $1500 to start the business plus supply value $500. what is the accounting journal entry for this problem?
What is the first step in accounting cycle?
First step in accounting cycle is Journalizing the business transaction in journal which is book of original entry.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
What is the journal entry debiting cash and crediting capital would be a result of a?
she invested P 50, 000 in cash to start his business
What is Journal phase of accounting?
Journal phase of accounting is to journalize the business transaction in Journal as a first record in books of accounts.
Invested 1500 into business plus supply value 500. what is the accounting journal entry for this problem?
Invested $1500 to start the business plus supply value $500. what is the accounting journal entry for this problem?
What is the first step in accounting cycle?
First step in accounting cycle is Journalizing the business transaction in journal which is book of original entry.
What transaction is found first on accounting record?
The "journal" is the first transaction found on the accounting record.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
What is journal entry in accounts?
recording of business transaction in chronological order is a journal entry
What is the journal entry debiting cash and crediting capital would be a result of a?
she invested P 50, 000 in cash to start his business
What does jiabr mean?
Journal of Islamic Accounting and Business Research
