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Debit assets
Credit Accounts Payable
What else can I help you with?
What is the journal entry for purchase of an asset?
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
What is the difference between purchase voucher and journal voucher?
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
What is the journal entry for asset received as gift?
debit asset credit bank
What is journal entry for depreciation?
[Debit] Depreciation account [Credit] Asset account
What is the journal entry for purchase of an asset?
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
Journal entry for new car purchase?
[Debit] Car Asset [Credit] Cash / bank
What are the journal entry for asset revaluation?
debit asset and credit asset revaluation
What is the difference between purchase voucher and journal voucher?
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
What is the journal entry for a cash purchase?
Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
What is the journal entry for asset received as gift?
debit asset credit bank
What is journal entry for depreciation?
[Debit] Depreciation account [Credit] Asset account
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
What is the journal entry when the owner withdraw his asset?
Drawings A/c (debit) TO Asset A/c (credit)
What is the journal entry for wages paid for installation of machinery?
[Debit] Machinery Asset [Credit] Cash Account
Journal entry for credit purchase?
[Debit] Purchases[Credit] Accounts payable
