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What is the journal entry for selling equipment?
no cash dr and sales cr
What is the journal entry to record establishment costs paid?
debit establishment costcredit cash / bank
What is journal debit?
A journal debit is an accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is recorded on the left side of a journal entry and reflects the outflow of resources or the recognition of costs. In double-entry accounting, every debit must have a corresponding credit entry to maintain the accounting equation.
What is the journal entry to write off financing costs?
Debit amortization of financing costCredit financing cost
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 journal entry for selling equipment?
no cash dr and sales cr
What is the journal entry to record establishment costs paid?
debit establishment costcredit cash / bank
What is journal debit?
A journal debit is an accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is recorded on the left side of a journal entry and reflects the outflow of resources or the recognition of costs. In double-entry accounting, every debit must have a corresponding credit entry to maintain the accounting equation.
What is the journal entry to write off financing costs?
Debit amortization of financing costCredit financing cost
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 journal entry for selling finished goods?
[Debit] Cash /bank / accounts receivable [Credit] Sales revenue account
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is journal voucher entry in tally of electricity bill office costs for Rs.400 received from horizon ent?
W
What is the journal entry for selling 7500 shares of treasury common for 457000?
debit cash / bank 457000credit share capital 457000
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called 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.
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.
