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[Debit] Cash / bank / accounts receivable
[Credit] Sales Revenue
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What journal entry do you make to record product shortage?
a back order
Why do you make journal entry?
why do you make genral entry
Matching in accounting means to make an entry in the journal?
Matching" in accounting means to make an entry in the journal
What journal entries do you make for your construction loan?
My account balance in Construction LOC is $154833.00; what is the journal entry to record the $154833 in Construction in Progress Account? roger_randolph@yahoo.com
Do you make a journal entry for burden?
There are many different ways that you can make a journal entry for burden. You can for example explain how it has come into your life and affected you.
How make journal entry in Quick book?
Pokemon
What Journal entry do i make to record cash shortage?
Hi, There is no journal entry for cash shortage as you can never have money less than 0. However if the credit side of the ledger is more than the debit side of the Cash book, the entry passed is Cash/Bank A/C dr......To Bank Overdraft A/C.
When you made sale is it compulsory to make journal entry?
Whenever any business transaction occur It is compulsory to make journal entry so this is true in case of sales as well.
What is double entry journal style?
Double entry journal style is a method of note-taking that involves dividing a page into two columns. In one column, you record information from the text you are studying, and in the other column, you reflect on or analyze that information. This style helps you engage with the material more deeply and make connections between ideas.
How would you make a journal entry for a repurchased shares in a journal?
Debit treasury stockCredit cash / bank
What is a reversing entry?
A reversing entry is a journal entry to "undo" an adjusting entry. When you create a reversing journal entry it nullifies the accounting impact of the original entry. Reversing entries make it easier to record subsequent transactions by eliminating the need for certain compound entries. Reversing entry can be created in two ways. First method is to use the same set of accounts with contra debits and credits, meaning that the accounts and amounts that were debited in the original entry will be credited with the same amount in the reversing journal "nullifying" the accounting impact. The second method is to create a journal with same accounts but with negative amounts that will also nullify the accounting impact of the original transaction
How do you make Journal entry for recording Letter of Credit goods?
L/C related all journal entries
