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Services performed for cash should be recorded in the?
Revenue Journal
Where are services performed for cash should be recorded?
Revenue journal
Should journal entries be listed chronologically?
Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.
In accounting Cash purchase of supplies should be recorded in what?
cash payments journal
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
Services performed for cash should be recorded in the?
Revenue Journal
Where are services performed for cash should be recorded?
Revenue journal
Should journal entries be listed chronologically?
Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.
In accounting Cash purchase of supplies should be recorded in what?
cash payments journal
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
A check drawn by a company for 270 in payment of a liability was recorded in the journal as 720 What entry is required in the company?
Reduction in liability for 550 should be recorded in journal to reduce the excess payment.
Is tax a asset or expense and how do I record it in the General journal or balance sheet?
Tax should be recorded in the general journal because it is an expense.
Journal entries should be posted in what order in accounting?
Journal entries should be posted in chronological order means as it happens if any transaction happend first it should be recorded first.
When should posting of journal entries be done?
Journal entry should be made when you need to acquire information about specific business transactions.All the transactions should be recorded based on receipts or the bills. This will help to check authenticity of each journal entries. This further makes auditing easy.
Should a transaction be accorded first in a journal or the ledger?
A transaction should first be recorded in a journal before it is posted to the ledger. The journal serves as the initial point of entry for all financial transactions, providing a chronological record. Once recorded in the journal, the amounts can then be summarized and transferred to the appropriate accounts in the ledger, which organizes the information by account type. This system ensures accuracy and facilitates tracking of financial activities.
The posting reference should always be recorded in the journals post reference column before amounts are recorded in the ledger?
I always did the ledger first and then went from ledger to journal.
In which special journal would a purchase of merchandise for cash be recorded?
A company that uses special journals should record a transaction involving the purchase of merchandise for cash ia a: Answer: Cash Payments Journal
