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debit cash / bank / Accounts Payable
credit purchase return
What else can I help you with?
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
What is the journal entry for purchase return goods on credit?
debit accounts payablecredit purchase returns
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
What is the journal entry to record a USD purchase?
Debit USD purchasedCredit cash /bank
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
What is the journal entry for purchase return goods on credit?
debit accounts payablecredit purchase returns
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
What is the journal entry to record a USD purchase?
Debit USD purchasedCredit cash /bank
How do you record a journal entry for purchase of leads?
Debit leads purchasesCredit cash / bank
How do you record journal entry for purchase of treasury stock?
debit treasury stockcredit bank / cash
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
What is the purpose of journal entry?
A journal records what you're findings are
You record the debit entry for transaction a 5 1 in the journal as?
You record he credit entry for transaction (a) 5/1 in the journal as
Purchase return Accounting?
"Purchase returns" is the entry made in the journal that refers to "Unsatisfactory or defective merchandise/goods which is returned back to the supplier".
How do you record a journal entry in QuickBooks?
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.
