debit cash / bank/ assets
credit capital
How do we enter journal entries in tally9
To post journal entries in QuickBooks Online, go to the "New" menu and select "Journal Entry." Enter the necessary details such as the date, accounts, and amounts. Review and save the entry to post it to your account.
I received letter of credit from my customer how i have to enter my entries
supplies: $35.12 entertainment: $50.98 supplies: $47.22
General journal entries are transactions that you use to track general expenses. You would enter a general journal adjustment in an accounting package for a special situation only.
debit cash / bankcredit notes payable
Leasing journal entries are the entries made in the accounting journals of both lessor and lessee to account for the expense or income of a lease. An example would be leasing of business equipment. The lessor would enter a credit in rent revenue and a debit in cash, while the lessee would enter a credit in cash and a debit in rent expense.
To create a journal entry in SAP, you can use transaction code FB50 (for general journal entries) or FB01 (for posting with reference). You'll need to enter the necessary details such as the posting date, account numbers, amounts, and a reference document number. Once you have completed the entries, you can save the journal entry.
Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S
The whole process of transferring entries from journal to ledger is called posting process.
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
In the accounting journal, enter the bill amount for the inventory under the credit column. Under the debit column, enter the payments made towards the inventory.