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Is a journal entry required when switching from straight line to sum-of-the-years'-digit?
Wiki User
∙ 9y ago
Yes journal entry to adjust the depreciation charge is required while shifting from one method to another method.
Wiki User
∙ 9y ago
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Is journal entry passed when PO is booked?
No journal entry required when PO is generated as no business transaction has occurred.
Why do you need to re class a journal entry?
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
When two accounts are required in one journal entry'the entry is referred to as?
posting
Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
Is journal entry passed when PO is booked?
No journal entry required when PO is generated as no business transaction has occurred.
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.
Is a New York Notary required to use a journal?
yes
Why do you need to re class a journal entry?
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
At the time of acquisition of a debt investment what happens?
no journal entry required
When two accounts are required in one journal entry'the entry is referred to as?
posting
Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
How many accounts does A compound journal entry involves?
at least more than once debit and credit account is required to be a compound journal entry.
Who says first of all let you get something straight this is a journal not a diary?
a talking spelling word
What is the journal entry for unsubscribe capital stock?
There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
