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Yes journal entry to adjust the depreciation charge is required while shifting from one method to another method.

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10y ago

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Is journal entry passed when PO is booked?

No journal entry required when PO is generated as no business transaction has occurred.


Why do you need to do journal entry?

Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.


Is a New York Notary required to use a journal?

yes


Why do you need to re class a journal entry?

if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.


Does a stock split require a journal entry?

Stock split require no journal entry rather memorandum entry is required about transaction.


At the time of acquisition of a debt investment what happens?

no journal entry required


What happens if you publish a journal and do not pay the required fees?

If you publish a journal without paying the required fees, your article may not be published or may be removed from the journal. Additionally, you may face consequences such as being banned from submitting future articles or facing legal action for non-payment.


When two accounts are required in one journal entry'the entry is referred to as?

posting


Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?

Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).


How many accounts does A compound journal entry involves?

at least more than once debit and credit account is required to be a compound journal entry.


Who says first of all let you get something straight this is a journal not a diary?

a talking spelling word


What is the journal entry for unsubscribe capital stock?

There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.