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Debit combined assets
Credit combined liabilities
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∙ 9y ago
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How do you record depreciation in a journal entry?
[Debit] Depreciation Account [Credit] Assets Account
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
What is journal entry if fixed assets lost by theft?
debit loss of assetcredit fixed asset
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
What is the journal entry for the sale of a corporation?
Debit cash /bankdebit liabilitiesCredit assets
Journal entry for ammortization of furniture?
Furniture is depreciated as it is tangible assets while intangible assets are amortized.Debit depreciationCredit Furniture
How do you record depreciation in a journal entry?
[Debit] Depreciation Account [Credit] Assets Account
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
What is journal entry to sell assets?
Debit accumulated depreciationdebit cash / bankCredit fixed asset
What is journal entry if fixed assets lost by theft?
debit loss of assetcredit fixed asset
How to put fixed assets entry in tally?
journal entryFixed assets a/c ...dr ..... 100000To Cash / Bank a/c .... cr. 100000
If a company gives a director a loan of 15000 how do I record a general journal entry?
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
What is the Temporarily Restricted Net Assets journal entry?
The journal entry to record Temporarily Restricted Net Assets includes debiting the Temporarily Restricted Net Assets account and crediting the Revenue or Contribution account. This is done to recognize the restriction placed on the assets and to record the revenue or contribution that is temporarily restricted.
