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Stock split require no journal entry rather memorandum entry is required about transaction.
account or accounting equation
The journal entry is the accounting entry which lists the goods that are bought on credit.
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
Matching" in accounting means to make an entry in the journal
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Stock split require no journal entry rather memorandum entry is required about transaction.
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
account or accounting equation
The journal entry is the accounting entry which lists the goods that are bought on credit.
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
Accounting: A journal entry that has more than one debit or credit value
In the Journal Proper
Invested $1500 to start the business plus supply value $500. what is the accounting journal entry for this problem?
There are two parts of journal entries in double entry accounting system. 1 - Debit part 2 - Credit part