0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
Prepaid expenses are eventually expected to?
Be expensed in the period that the in which they occur.
Should journal entries be listed chronologically?
Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.
What does testamentary expenses mean?
Testamentary are the expenses that occur when dealing with the administration of the estate. This could be the lawyers fees, solicitors fees, court fees, etc etc..
What are the proforma journal entries?
Proforma journal entries are hypothetical journal entries prepared before actual transactions occur. They help in understanding the potential impact of transactions on financial statements. These entries are used for forecasting and planning purposes.
When you made sale is it compulsory to make journal entry?
Whenever any business transaction occur It is compulsory to make journal entry so this is true in case of sales as well.
What is meant by journal vouchers and brief discussion?
A journal is a book in which transactions are recorded in the order in which they occur i.e chronological order journal is called a book of prime entry or original entry because all the book transactions are recrded in this book the proceess recording transactions in joural is called journalizing.
When is it necessary to include vendor name in an accounts payable entry in a journal?
It is good practice to always include the vendor name in the journal entries. Journal entries are the books of "origin". When transaction occur the transaction is then recorded in the journal, at a later date or time, the entries are then added to the Ledger where each account for the company has a separate account.Adding the vendor name to the journal entry can assure that the proper account is debited or credited when the entry is recorded in the ledger.
How can one keep an exercise journal on ones cell phone?
An exercise journal can be created by opening up a notepad application on a cell phone. Then just log entries as they occur. Smartphones are even better because the apps are more sophisticated.
What is the journal proceedings?
You know if you happen to be doing a word search i think the answer is "record" It is a record of all the events that occur during a meeting in the United States Congress.
What is the journal of proceedings?
You know if you happen to be doing a word search i think the answer is "record" It is a record of all the events that occur during a meeting in the United States Congress.
