debit computer account
credit cash / bank
[Debit] Office furniture [Credit]Owner equity / Retained Earnings
debit office supplies credit cash
debit purchases 54780 credit accounts payable 54780
There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
[debit] office use expenses [credit] cash
Debit soaps purchased Credit cash / bank
[Debit] Furniture [Credit] Cash / bank
Debit office supplies Credit accounts payable
[Debit] Goods Purchased xxxx [Credit] Cash / bank / accounts payable xxxx
debit goat Credit cash
[Debit] Gift purchased [Credit] Cash / bank
Debit supplies account Credit bank account
Debit item purchased Credit accounts payable
Debit USD purchased Credit cash /bank
[Debit] Vehicle Purchased [Credit] Cash / bank
office expense a/c Dr. To cash A/c
debit office supplies credit accounts payable
debit rent expense and credit cash
Look it up on the computer
debit equipment credit accounts payable
[Debit] Investment in Govt. Securities [Credit] Cash / bank
1 - General journal entry 2 - Adjusting journal entry 3 - Month end adjusting entry
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
debit machine account credit share capital account
[Debit] Goods purchased [Credit] Accounts payable
debit Assets credit liabilities credit cash (if any)
debit accounts payable/ cash credit purchase returns
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
find out the accounts involed in eash of the following cases Q:- machinery purchased for cash. Q:- furniture is purchased on cresit
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
[Debit] Computer Asset Account [Credit] Accounts payable account
Journal entry in the books of the buyer: [Debit] Goods Purchased xxxx [Credit] Cash/bank xxxx As buyer has not paid the freight charges, he will only record the transaction with original goods purchased amount.
debit drawings credit office equipment
[Debit] Dental Supplies [Credit] Cash
Purchase a/c....Dr To Creditor a/c (party from whom goods are purchased)
Debit dental supplies inventory Credit cash / bank
there are adjustments are in journal entries but there is no certain meaning, definitions for the term 'journal entry adjustment'
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.
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
debit drawings 3000 credit office expense 3000
[Debit] Cash xxxx [Credit] Bank xxxx
the journal entry to close the drawing account involves:
recording of business transaction in chronological order is a journal entry
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
[Debit] purchased goods 15000 [Credit] cash 15000
An input device is any device that enables feeding of information into a computer, including office data entry devices. An office data entry device is one that is purely used for keying in data into a computer e.g. a mouse and a keyboard.
Compound journal entry is that in which there is more than one debit and credits or where there is more than one transactions recorded on one journal entry.