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debit treasury stockcredit bank / cash
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
[debit] treasury stock [credit] cash / bank
What is a purchase journal
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
debit treasury stockcredit bank / cash
[Debit[ Treasury stock [Credit] Cash / bank / Goods
debit cash credit bills purchase
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
[debit] treasury stock [credit] cash / bank
What is a purchase journal
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
Debit treasury stockCredit cash / bank
Debit treasury stockCredit cash / bank
Purchase journal is used to records all the purchases of business.
debit cash / bank 28000credit share capital 28000
debit treasury stock 2800credit cash / bank 2800