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Cash 2000 Capital 2000 Owner contributes 2000 to Capitalize the Business
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What is the opening journal entry for paid up capital?
capital
What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
What does P REF in accounting journal entry mean?
Look it up on the computer
Why cashbook is a book of prime entry and part of the double entry system?
The cash book is a book of prime (original) entry because it is written up from business documents. The cash book is part of the double entry system as it acts as ledger accounts for cash and bank.
What is the journal entry for cash paid in advance for travelling salesmen?
Usually, a separate control account is set up for "advances". So cr bank, dr advances. Then when expenses are known, cr advances and dr appropriate p&l account
What is the journal entry for paid up capital?
Debit cash / bank / assetsCredit share capital
What is the journal entry to increase paid up capital?
debit cash /bankcredit capital account
What is the journal entry to take up salaries?
For business concern entry is:[Debit] salaries expense[Credit] Cash / bankFor personal concern:[Debit] Cash / bank[Credit] salary income
What is the journal entry to decrease paid-up capital?
[Debit[ Treasury stock [Credit] Cash / bank / Goods
What is the journal entry to increase paid-up capital?
debit cashcredit share capital
What is the opening journal entry for paid up capital?
capital
What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
What does P REF in accounting journal entry mean?
Look it up on the computer
Is there a space between journal entries?
a properly formatted journal entry should have a space (can be one) between the end of one day and the beginning of the other. Beyond that it is up to you how you space your running entry.
Why cashbook is a book of prime entry and part of the double entry system?
The cash book is a book of prime (original) entry because it is written up from business documents. The cash book is part of the double entry system as it acts as ledger accounts for cash and bank.
What is the journal entry for cash paid in advance for travelling salesmen?
Usually, a separate control account is set up for "advances". So cr bank, dr advances. Then when expenses are known, cr advances and dr appropriate p&l account
What is the journal entry to set up an accrued expense?
Debit accrued expensesCredit expenses payable
