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When was Timber Trades Journal created?
Timber Trades Journal was created in 1873.
What is the journal entry of paying cash by cheque?
Bank a/c ... Dr To cash a/c Cr
What is the journal entry for paying off an equipment loan?
debit equipment loancredit cash / bank
What is the journal entry for cash paying to a staff as advance?
[Debit] Staff Advances [Credit] Cash / bank
What is the journal entry for paying a notes payable and interest?
Debit notes payabledebit interest expenseCredit cash /bank
What will be the journal entry for paying tax to the government?
debit] tax expense xxxx credit Cash / bank xxxx
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.
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
