The accounting journal entries for penalties and interest on taxes will go in the debit and credit columns. You debit the expense account and credit the liability account until the penalties and interest is paid.
debit interest in kindcredit notes payable
what is the disadvantages of general journal
I would like to know how accounting journal entries would differ on acquisition in compliance with IAS a) under pooling interest method b) under purchase mehod Appreciate this is explained in detailed numbers for acquiree & acquirer.
The journal entry is the accounting entry which lists the goods that are bought on credit.
To get a letter of credit journal entries you must write to the accounting department. It is important to include the reason for the letter, so that you can get the information you request.
debit interest in kindcredit notes payable
Debit Interest Expense and Credit Bond Payable.
what is the disadvantages of general journal
I would like to know how accounting journal entries would differ on acquisition in compliance with IAS a) under pooling interest method b) under purchase mehod Appreciate this is explained in detailed numbers for acquiree & acquirer.
Journal Entries are used to record accounting transactions. blady bastered............
Debit cash / bank 45000Credit loan account 45000
closing entries
closing entries
closing entries
Adjusting entries are journal entries which are normally made to allocate income or expenditure to the accounting period in which they actually occured.
debit basketballcredit cash
debit assetcredit donations