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What is a subsidiary journal?
Its meeting half way
How does the voucher register eliminate the purchases journal and the subsidiary accounts payable ledger?
Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
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.
When are posting from the purchases journal to the subsidiary ledger made?
daily
The entries in a sales journal will show?
Entries in sales journal shows all the sales company has made on credit and no other transaction is part of sales journal account.
What is subsidiary journal?
Its meeting half way
What is a subsidiary journal?
Its meeting half way
In what journal should you list a telephone expense?
This could be one of two Journals, for the most part, a General Journal is where the entry goes, however, many companies choose to use subsidiary journals in order to keep accounts more organized and may set up a Subsidiary Expense Journal, in which case the telephone expense would be listed in that subsidiary journal along with all other expenses and the General Journal would only show a total for all expense accounts while the subsidiary journal would break each expense account down into more detail.So either the General Journal or a Subsidiary Expense Journal (depending on the company)
Which subsidiary journal is used to record the inventory at the end of the year?
The subsidiary journal used to record inventory at the end of the year is the Inventory Adjustment journal. This journal is used to update the inventory records to reflect the actual quantity and value of inventory at the year-end.
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.
How does the voucher register eliminate the purchases journal and the subsidiary accounts payable ledger?
Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
How do you you account for a parent and subsidiary amalgamation?
Sales between parent and subsidiary is not a real sales. Therefore, its eliminated at end of the year to show actual profit/loss from the sales.
Is a sales journal used for recording credit sales?
debit accounts receivablecredit sales revenue
When are postings from the purchase journal to the subsidiary ledgers made?
daily
When are posting from the purchase journal to the subsidiary ledger made?
daily
When are posting from the purchases journal to the subsidiary ledger made?
daily
The entries in a sales journal will show?
Entries in sales journal shows all the sales company has made on credit and no other transaction is part of sales journal account.
