supplies: $35.12
entertainment: $50.98
supplies: $47.22
The whole process of transferring entries from journal to ledger is called posting process.
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.
If the inventory has some value then it must be entered in a new general ledger expense account and have a new contra asset account for the items. Enter the estimated value as a debit to the inventory obsolescence account and then credit it to the inventory reserve account.
I received letter of credit from my customer how i have to enter my entries
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The whole process of transferring entries from journal to ledger is called posting process.
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.
How do we enter journal entries in tally9
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.
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.
If the inventory has some value then it must be entered in a new general ledger expense account and have a new contra asset account for the items. Enter the estimated value as a debit to the inventory obsolescence account and then credit it to the inventory reserve account.
I received letter of credit from my customer how i have to enter my entries
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.
Accrued expenses are entered as liabilities in the general ledger. Debit expense and credit accrued liability.
debit cash / bankcredit notes payable
debit cash / bank/ assetscredit capital
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