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When posting the entries from the journal the Breneman Management Service Ledger should have at least one debit entry in how many accounts?
2
After posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts?
2
After posting the entries from the journal the breneman management service ledger should have at least one debit entry in how many accounts?
After posting the entries from the journal, the Breneman Management Service ledger should have at least one debit entry in at least two accounts: one for the account being debited and another for the corresponding account being credited. This ensures that the accounting equation remains balanced, as every debit must have a corresponding credit.
Branch accounts journal entries?
good to sent
What is columnar journal?
A Columnar Journal is an alternative journal form that is designed with special columns for entries to accounts which are used often and an 'Other Accounts' column for entries to accounts for which a special column has not been provided. Columnar Journals can also be called 'Synoptic Journals' and/or 'Combination Journals'.
When posting the entries from the journal the Breneman Management Service Ledger should have at least one debit entry in how many accounts?
2
After posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts?
2
After posting the entries from the journal the breneman management service ledger should have at least one debit entry in how many accounts?
After posting the entries from the journal, the Breneman Management Service ledger should have at least one debit entry in at least two accounts: one for the account being debited and another for the corresponding account being credited. This ensures that the accounting equation remains balanced, as every debit must have a corresponding credit.
Branch accounts journal entries?
good to sent
The process of transferring the journal entries to the accounts is known as?
Posting
What are journal entries that bring the accounts up to date at the end of the accounting period called?
closing entries
What are the journal entries that bring the accounts up to date at the end of the accounting period called?
closing entries
What is columnar journal?
A Columnar Journal is an alternative journal form that is designed with special columns for entries to accounts which are used often and an 'Other Accounts' column for entries to accounts for which a special column has not been provided. Columnar Journals can also be called 'Synoptic Journals' and/or 'Combination Journals'.
What is the journal entries for collected 425 from customer on accounts?
Debit cash / bank 425Credit accounts receivable 425
Is it necessary to post all journal entries?
Yes it is necessary to post all journal entries otherwise no proper books of accounts will be maintained and no accurate financial information will be available.
What is the journal entries company sales product?
debit accounts receivablecredit sales revenue
What are journal entries that are made to update accounts at the end of a period called?
Retained earnings
