0
Debit retained earnings
Credit stock account
Wiki User
∙ 9y ago
To write off stock in accounting, the journal entries would be to debit the inventory account and credit the expense account, such as "Inventory write-off" or "Loss on inventory write-off." Additionally, if applicable, debiting any allowance for obsolete or damaged inventory account and crediting the inventory account would be necessary. The total debit amount should equal the total credit amount in the journal entry.
Add your answer:
Earn +20 pts
Letter of credit journal entries?
To get a letter of credit journal entries you must write to the accounting department. It is important to include the reason for the letter, so that you can get the information you request.
What are the journal entries you write for Purchase of Goods Purchases?
Debit Purchases / Goods purchasedCredit Cash / bank
What are some creative honors project ideas?
make a video write a story do a time line write a poem analogize a poem analyse a play write journal entries
Create two journal entries For the first journal entry you will write as if you are a Crusader You should discuss the long journey it took for you to reach Jerusalem your reasons for partic?
Yes do all this question says!
What is the general ledger journal entry to write stale checks?
You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.
How to write a journal?
First, you should decide what type of journal you want to write. It is a travel journal, personal diary, food journal, workout journal, creative writing. See related links for help. Write about whatever you want: 1. Decide which subject you want to write about 2. List who, what, where, when, why, and how in yours mind or on paper 3. Pick up your pen and let your imagination take you away! It can be about what happened in your day or completely fictional. Alternatively: You can use software such as Vivid Journal which allows you to record Video, Audio or Multimedia entries.
How are journal entries made for credit default swaps?
Everything has to be entered. You can write down the number with a little notation to show that a swap has been made.
What is the general ledger Journal entry for missing stock to write off?
debit owners equitycredit purchases
What is the general ledger journal entry to write goods taken by the owner from stock?
debit drawingscredit purchases / goods
What are some creative journal entries?
Write a letter to your future self, detailing your goals and aspirations. Create a dream journal where you write down your dreams and interpret their meanings. Make a gratitude list where you write down things you are thankful for each day. Write a fictional story based on a recent personal experience, adding in imaginative elements.
Where can you find the best journal to write in?
Most bookstores have a wide selection of blank journals to select from . chamoo ===== you should try some easy software using software such as Vivid Journal which allows you to record Video, Audio or Multimedia entries. Check out www.vividjournal.com which will help you alot
What can be written in a journal?
Anything one wants to write in a journal may be written. There are no special guidelines of what to write in a journal. Most people write how they feel or a story.
