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What is different between journal entry and journal voucher?
ones a journey entry and the other is a journey voucher
Why do you need to re class a journal entry?
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
What is an accrual journal entry?
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
What is the journal entry for collection of other income?
Debit cash / bankCredit other income
What is as journal entry?
Journal entry is the first record in books of accounts which shows any business transaction that occurred in past and it is also called "original entry" which provides basis for all other reports and statements.
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.
How do you record a journal entry for money recevied from legal judgment?
Debit cashCredit other income
Why journal is called a book of original entry?
Journal entry is called because it is the first place where any business transaction is recorded and which provide the basis for all other financial statements creation and books of accounts preparation.
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.
What is the journal entry if a company pays the debts of another company?
Debit investment in other companyCredit cash / bank
Is there a journal entry for Apollo the greek god?
There is no physical journal entry written by Apollo, as he is a mythological figure from Greek mythology. However, in ancient texts and poems, Apollo's deeds, characteristics, and interactions with other gods and mortals are documented. These texts provide insight into Apollo's role as the god of music, healing, light, and prophecy in Greek mythology.
What is the journal entry for paid in advance of the expenses for others company?
Expenses of other company is not recorded and it may be shown as loan to that company.
