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opening stock is the stock at the end of previous year which is being carried forward to next year.
so it is treated as opening balance (asset) n the following journal entry will b passed
opening stock Dr.
to liabilities
*if liabilities are not there then capital is to be credited
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoopening stock don't require journal entry as it is the closing stock of previous period.
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What is the Journal entry for opening stock?
don t known
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What is the Journal entry for opening stock?
don t known
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What is the opening journal entry for paid up capital?
capital
Journal entry for adjusting closing stock with purchases?
what is entry of closing stock in p & L a/c & balance sheet
What is the journal entry for theft of stock?
debit theft of stockcredit inventory / stock account
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
What is a journal entry to buy equipment with common stock?
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
Why do you need to reverse a journal entry?
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
What is the journal entry for declared dividends?
No journal entry for stock option until that stock option is not utilized by the employees or any person with stock option available to them.
