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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.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
What is the difference between purchase voucher and journal voucher?
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
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.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
What is the difference between purchase voucher and journal voucher?
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
What is journal entry in accounts?
recording of business transaction in chronological order is a journal entry
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Is journal entry passed when PO is booked?
No journal entry required when PO is generated as no business transaction has occurred.
What is a purchase journal?
Purchase journal is used to records all the purchases of business.
What is the journal entry for a purchase purchased on account of 54780?
what is the journal entry for purchase returns
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
