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Journal entry for personal mortgage to pay off debts of company?

Anonymous

∙ 10y ago

Updated: 9/15/2023

debit mortgage payable
credit owners capital

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∙ 10y ago

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What is the journal entry if a company pays the debts of another company?

Debit investment in other companyCredit cash / bank

What is journal entry of bad debts?

[Debit] Bad debts [credit] accounts receivable

Journal entries for bad debts?

bad debts a/c Dr To sundry debtors a/c

What is the journal entry for bad debts written off and later realized?

Debit cashCredit bad debts

What is the journal entery for provision for bad debts?

Profit & Loss A/c [Debit] Provision for bad debts [Credit]

Related Questions

What type of personal debts is usually considered wise and justified?

Home Mortgage

What type of personal debts is usually considered wise justified?

Home Mortgage

What type pf personal debts is usually considered wise and justified?

home mortgage

What is the journal entry if a company pays the debts of another company?

Debit investment in other companyCredit cash / bank

Can you get a mortgage in Virginia with an agreement to deed the land to a person after the estate with no debts or liens is settled?

No. The mortgage Company wants their money. I think a mortgage lender could more help you with this one.

What is journal entry of bad debts?

[Debit] Bad debts [credit] accounts receivable

Journal entries for bad debts?

bad debts a/c Dr To sundry debtors a/c

Is a personal representative liable for the decedent's debts when there is no estate?

The personal representative is not responsible for the debts. The estate pays the debts.

What is the journal entry for bad debts written off and later realized?

Debit cashCredit bad debts

need free grants for college tution and personal debts ?

“need free grants for college tution and personal debts? ” can I get free grant for personal debts?

What does limited mean at the end of a company name?

"Limited" at the end of a company name indicates that it is a limited liability company (LLC) or a limited company (Ltd), which means the owners' personal liability for the company's debts is restricted to the amount they invested in the business. This structure protects their personal assets from being used to pay off business debts. It is commonly used in various countries to signify that the company is a separate legal entity.

What is the journal entery for provision for bad debts?

Profit & Loss A/c [Debit] Provision for bad debts [Credit]

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