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debit client list
credit cash /bank

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Q: What is the Journal entry for buying a client list?
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You record the debit entry for transaction A 51 in the journal as?

When recording a debit entry into a journal you must always list the debit first. The credit needs to be second and should always be indented.


List the four parts of a journal entry?

The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.


Closing Journal entries What is Year End Journal entry to book a net loss for a corporation?

Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S


Why the trial balance may not balance?

Answer:The purpose of the trial balance is (historically) to verify if any errors were made with posting the journal entries to the ledger. Every journal entry makes debits and credits to (at least) two T-accounts, where the total of the debit and credit amounts need to be equal. The journal entry is posted to the journal, and the T-accounts affected are updated in the ledger. The trial balance is a list of all T-accounts and their balances. As the underlying journal entries need to balance out (total debits equal total credits), the balances of the trial balance also need to balance. If this is not the case, it means that an error has been made. It means that some journal entry has been entered into the ledger which did not balance.With computerized bookkeeping, this purpose (checking for errors) has been lost (at least for the user, the software may still use the trial balance to check for consistency).


Doing a general journal entry into myob but an account is not listed when trying to enter it but it is not in the accounts list?

First of all, all accounts needs to be defined in company charts of accounts. So if any account is not already exists, first create it in charts of accounts for any transaction.

Related questions

You record the debit entry for transaction A 51 in the journal as?

When recording a debit entry into a journal you must always list the debit first. The credit needs to be second and should always be indented.


List the four parts of a journal entry?

The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.


Closing Journal entries What is Year End Journal entry to book a net loss for a corporation?

Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S


What is the duration of The Client List?

The duration of The Client List is 1.45 hours.


When was The Client List created?

The Client List was created on 2010-07-19.


What are the release dates for The Client List - 2012?

The Client List - 2012 was released on: USA: 2012


What is your client list?

the list of people you have sex with illegally or leagally. like the movie the client list starring Jennifer love hewitt


What are the ratings and certificates for The Client List - 2012?

The Client List - 2012 is rated/received certificates of: South Korea:15


What is the name of the appearance of a journal name in a citation and reference list?

The appearance of a journal name in a citation and reference list is typically in italics. This formatting convention helps to distinguish the journal's title from other elements in the citation and improves readability.


What does a periodical reference list entry include?

A periodical reference list entry typically includes the author’s name, publication date, article title, journal title, volume/issue number, and page numbers of the article. Additionally, it may include a DOI (Digital Object Identifier) or URL if available.


What are the release dates for The Other Client List - 2014?

The Other Client List - 2014 was released on: USA: 1 May 2014 (internet)


What actors and actresses appeared in The Other Client List - 2014?

The cast of The Other Client List - 2014 includes: Briana Hansen as Bianca