0
For business concern entry is:
[Debit] salaries expense
[Credit] Cash / bank
For personal concern:
[Debit] Cash / bank
[Credit] salary income
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the opening journal entry for paid up capital?
capital
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.
What is the journal entry to set up an accrued expense?
Debit accrued expensesCredit expenses payable
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 decrease paid-up capital?
[Debit[ Treasury stock [Credit] Cash / bank / Goods
What is the journal entry for cash start up?
Cash 2000 Capital 2000 Owner contributes 2000 to Capitalize the Business
Can a journal entry have 2 paragraphs?
Yes, it is common for journal entries to have multiple paragraphs to separate different thoughts, events, or reflections. Breaking up the entry into paragraphs can help organize the content and make it easier to read and understand.
What is the journal entry to increase paid-up capital?
debit cashcredit share capital
What is the journal entry to record initial called-up equity share capital?
Called up share capital a/c Dr. To share Forfiture A/c To Unpaid Call Amount A/c
What are journal entries that brings accouns up to date at the end of the accounting period?
Adjusting entries is the name for journal entries that serve the purpose of making the accounts current. Usually, the entry is made just prior to when a company issues its financial statements.
