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How do you record depreciation in a journal entry?
[Debit] Depreciation Account [Credit] Assets Account
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
What is journal entry if fixed assets lost by theft?
debit loss of assetcredit fixed asset
What is the journal entry for parent company paid rent to holding company?
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
What is the journal entry for the sale of a corporation?
Debit cash /bankdebit liabilitiesCredit assets
Journal entry for ammortization of furniture?
Furniture is depreciated as it is tangible assets while intangible assets are amortized.Debit depreciationCredit Furniture
How do you record depreciation in a journal entry?
[Debit] Depreciation Account [Credit] Assets Account
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
What is journal entry to sell assets?
Debit accumulated depreciationdebit cash / bankCredit fixed asset
What is journal entry if fixed assets lost by theft?
debit loss of assetcredit fixed asset
How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
If a company gives a director a loan of 15000 how do I record a general journal entry?
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
How to put fixed assets entry in tally?
journal entryFixed assets a/c ...dr ..... 100000To Cash / Bank a/c .... cr. 100000
