Lost by theft dr
Embazzeled cash dr
To cash account
H
Debit ram 1000Credit cash 1000
sundry debtors A/c........DR 1000 TO Sales A/c 1000
debit rent expense 1500credit cash 500credit bank 1000
[Debit] wages Expenses 1000 [Credit] Cash 1000
Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000
Debit ram 1000Credit cash 1000
sundry debtors A/c........DR 1000 TO Sales A/c 1000
debit purchases 1000credit cash 1000
debit rent expense 1500credit cash 500credit bank 1000
[Debit] wages Expenses 1000 [Credit] Cash 1000
Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000
debit accounts receivable 950credit Sales revenue 950
A journal entry adjustment is a manual accounting entry made to correct errors or update account balances in the company's financial records. These adjustments are typically made at the end of an accounting period to ensure that financial statements accurately reflect the company's financial position.
purchases a/c 1000...dr. cash a/c 1000...cr.
Example: Accounts payable balance = 1000 Cash Balance = 1000 Transaction 100 paid to creditors from cash Journal Entry [Debit] Accounts payable 100 [Credit] Cash 100 New Accounts balances Accounts payable 900 Cash 900
It is related with the budget of the company. If a company gives $1000 sales to one employee. It means the company expectation from the employee is $1000. So this is a key performance indicator in terms of efficiency.
goods sold to haroon overcasted by 1000