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[Debit] Car Asset
[Credit] Cash / bank
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∙ 9y ago
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What is the journal entry for car trade in?
[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car
What is the journal entry to purchase asset from general reserve?
General reserves need to be converted into cash first by issuing new shares to share holders and after that cash can be used to purchase assets.
What should be Journal entry for purchase of building from general reserve account?
First of all general reserves need to be converted into cash by issuing new shares and then that cash can be used to purchase building.
Why do you need to reverse a journal entry?
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
What journal entry did charlie write after he left new york?
dear ........................
Where is the new location to find the bartender on warbears?
he jumped town, as indicated by his last journal entry.
What is the journal entry for trading a vehicle for another vehicle?
Debit new assetdebit loss (if any)debit accumulated depreciationCredit cash / bankcredit profit (if any)credit old car trade-in
How can you get out of a new car purchase?
Sell it.
Can a new car dealer finance a new car purchase?
Yes, new car dealers can finance a new purchase. Many dealers work with multiple banks to help find financing for their customers.
Can you return a new car in Washington state?
After a car purchase, can I return the car?
Journal entry for investment?
Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.
Can you cancel a car purchase in NJ?
No you can not cancel a car purchase in New Jersey. There are however exceptions to this such as if the car has a serious mechanical defect.
