Special journal is prepared to save time and minimize the errors.
A person would need to know what the transactions are to be able to prepare the journal entries for them. It is important to also include what the following transactions are.
Debit shares in companyCredit cash /bank
Journal Entries are used to record accounting transactions. blady bastered............
journal entries can be prepared at any time.there is no particular time/day/month/year.only if it is mentioned in question we prepare it according to given data.
Blat Blat Blat Blat Blat
no one knows
debit bad debts accountcredit accounts receivable
To prepare and submit your research findings for publication in a scientific paper, you should first organize your data and results clearly. Then, write a detailed manuscript following the journal's guidelines. Next, submit your paper to the journal for peer review. Address any feedback from reviewers and make revisions as needed. Finally, once your paper is accepted, follow the journal's instructions for publication.
if receiveddebit cash / bankcredit dividend incomeif paydebit dividendcredit cash / dividend payable etc
debit cash / bank 98000credit share capital 98000
At January 1, 2011, Brant Cargo acquired equipment by issuing a five-year, $150,000 (payable at maturity), 4% note. The market rate of interest for notes of similar risk is 10%. Required: 1. Prepare the journal entry for Brant Cargo to record the purchase of the equipment. 2. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2011. 3. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2012.
Errors can be rectify by adjusting the previously made journal entries as per the errors found and suspense account is created when there is some confusion or information missing without which it is not possible to prepare full double entry so that suspense account is used there to temporarily complete the transaction.