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Where does general reserve appears in final accounts?
Asset side
What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
What is the journal entry for purchase of an asset?
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
Journal entry of credit purchase of asset?
Debit assetsCredit accounts payable
What are the accounting journal entries to record a purchase of inventory at a distressed price?
If the inventory has some value then it must be entered in a new general ledger expense account and have a new contra asset account for the items. Enter the estimated value as a debit to the inventory obsolescence account and then credit it to the inventory reserve account.
What is journal entries when owner withdraw asset on sales price?
general journal
Where does general reserve appears in final accounts?
Asset side
Why you pass general journal entries?
example of an depreciation asset
What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
Is tax a asset or expense and how do I record it in the General journal or balance sheet?
Tax should be recorded in the general journal because it is an expense.
Is tax a asset or expense and how do I record it in the General journal or balance sheet-?
Tax is an expense, you do not record it in a balance sheet but on the general journal.
What is the journal entry for purchase of an asset?
[Debit] Asset Account xxxx [Credit] Cash / bank account xxxx
Journal entry of credit purchase of asset?
Debit assetsCredit accounts payable
What are the accounting journal entries to record a purchase of inventory at a distressed price?
If the inventory has some value then it must be entered in a new general ledger expense account and have a new contra asset account for the items. Enter the estimated value as a debit to the inventory obsolescence account and then credit it to the inventory reserve account.
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..........
Journal entry for new car purchase?
[Debit] Car Asset [Credit] Cash / bank
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
