0
debit theft of stock
credit inventory / stock account
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the accounting journal entry for unrecorded inventory?
Unrecorded inventory may be conceived as theft. To avoid this, you can record this entry in your accounting journal under some of these examples; items scrapped, moved items, or goods sold from stock.
Pass the journal entry for loss by theft?
loss by theft A/c to purchases
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the accounting journal entry for unrecorded inventory?
Unrecorded inventory may be conceived as theft. To avoid this, you can record this entry in your accounting journal under some of these examples; items scrapped, moved items, or goods sold from stock.
Pass the journal entry for loss by theft?
loss by theft A/c to purchases
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
Journal entry for adjusting closing stock with purchases?
what is entry of closing stock in p & L a/c & balance sheet
What is the Journal entry for opening stock?
don t known
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
What is a journal entry to buy equipment with common stock?
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
What is the journal entry for declared dividends?
No journal entry for stock option until that stock option is not utilized by the employees or any person with stock option available to them.
What is the journal entry for unsubscribe capital stock?
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.
