[Debit] Goods purchased
[Credit] Accounts Payable
what is the journal entry for purchase returns
There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.
This should be recorded in the cash payment journal.
debit accounts receivablecredit sales revenue
Accounts payable and Cash accounts
what is the journal entry for purchase returns
There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.
There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.
This should be recorded in the cash payment journal.
what was the last journal entrie for the book flight to freedom by ana veciana suare
debit accounts receivablecredit sales revenue
Accounts payable and Cash accounts
Credit your capital account, debit the freehold property account
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
Bank account DR To Loan account
Purchase journal only records and deals in with purchases and don't deal with sales items.
[Debit] bank account [Credit] Building loan