debit loan account
credit owners equity
Debit Loan Payable Debit Interest Expense Credit Paid in Capital
debit loan account
credit owners equity
Debit Loan Payable Debit Interest Expense Credit Paid in Capital
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
debit insurance premium expensecredit cash / bank
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
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.
debit Retained earningscredit loan to company
There is no general entry for those expenses which are not belongs to company's normal operating business activities and no entry required.
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
Purchase Credit Journal Entry is the journal entry passed by the company in the purchase journal of the date when the company purchases any inventory from the third party on the terms of credit. The purchases account will be debited. The creditorโs account or account payable account will be credited to the companyโs books of accounts. visit our page : ieqsgroup .com/about-us
Debit investment in other companyCredit cash / bank
debit purchasescredit bank
Debit combined assetsCredit combined liabilities