0
What else can I help you with?
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
What will the journal entry of accounts recievable?
debit accounts receivablecredit sales revenue
What happends when recording a journal entRy?
When recording done as journal entry any business transaction is recorded in books of accounts and become part of business books of accounts.
When three or more accounts are required in one journal entry the entry is referred to as a?
Compound Entry
What is the journal entry for parent company paid rent to holding company?
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
How do you explain accounts receivable in a journal entry?
Debit accounts receivableCredit sales revenue
What is the journal entry for accounts receivable?
debit accounts receivablecredit sales
What is the journal entry?
Debit accounts receivableCredit sales revenue
Is a journal voucher also a journal entry?
No, These two are different. Journal vochar is document through which journal Entries are made in books of accounts
How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
What is the journal entry to writeoff accounts payables?
Accounts Payable Cash/Bank/Goods etc
What is journal entry of accrual?
debit expense accountcredit accounts payabledebit accounts receivablecredit income
