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[Debit] cash / bank / goods
[Credit] Owner's equity
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∙ 9y ago
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What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What is the opening journal entry for paid up capital?
capital
What is the Journal entry for opening stock?
don t known
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
How do I create a journal entry for opening an account balance?
Debit bank accountCredit cash
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What is the opening journal entry for paid up capital?
capital
What is the Journal entry for opening stock?
don t known
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
Why do you need to reverse a journal entry?
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
How do I create a journal entry for opening an account balance?
Debit bank accountCredit cash
What is the journal entry for LC opening?
latter of cedit expenses is debit and cash credit
How do you record a journal entry for opening a cash account?
debit cash accountcredit bank account
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
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.
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
