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What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
What should be the journal entry for purchase of building from building fund account?
1. [Debit] Building account xxxx [Credit] building fund account xxxx
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
What is the journal entry for fund transferring from one bank to another bank?
Debit transfer bankCredit transferee bank
What is the Journal entry to replenish a petty cash fund?
DR all expenses (Postage expense,Misc. expense,John Smith, drawing,Telephone expense. CR Cash
What entries are posted on a capital project Fund?
premium remained in capital projects fund, is there an journal entry for this
What is Fluctuating fund system?
Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:
What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
What should be the journal entry for purchase of building from building fund account?
1. [Debit] Building account xxxx [Credit] building fund account xxxx
When was The Hedge Fund Journal created?
The Hedge Fund Journal was created in 2004.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
What is the journal entry for fund transferring from one bank to another bank?
Debit transfer bankCredit transferee bank
Journal entry for investment?
Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.
What is the Journal entry to replenish a petty cash fund?
DR all expenses (Postage expense,Misc. expense,John Smith, drawing,Telephone expense. CR Cash
What journal entry for provident fund?
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
What is the journal entry for Provident fund in accounts?
Salary a/c Dr. To employee a/c To ppf a/c ppf a/c (employer)Dr ppf a/c (employee)Dr To bank a/c
A 100 petty cash fund has cash of 18 and receipts of 80 The journal entry to replenish the account would include what?
receipts 80 Cash Short(Over) 2 Cash 82
