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What transactions in accounting might not require reversing entries

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Irma Kerluke

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2y ago

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If your organization does not allow you to approve your own transactions how might transactions become approved?

Autoapproval during order and transaction matching


How might transactions become approved if your organization does not allow you to approve your own transactions?

Autoapproval during order and transaction matching


Accounting transactions from source documents are recorded in what?

The term you might be looking for is the "journal".


Accounting journal entries?

I am assuming this question is asking what Accounting journal entries are? Each of a firm's transactions are recorded in journals. Each major transaction is recorded in the General Journal, where various repetitive transactions are recorded in special journals, with the totals translated into the General Journal later. These journal entries are the basis for the General Ledger, the Trial Balance, and the Financial Statements. There are two components to any journal entry: Debits and Credits. Whenever you debit accounts in your journal entry, you must credit other accounts for an equal amount. Your total debits should always equal total credits. As an example, these are what the journal entries for the sale of inventory to a customer might look like. Part 1 - The Inventory was sold to an outside customer for $100. Debit: Cash $100 Credit: Revenue $100 Part 2 - The Cost of the Inventory credited to the books Debit: Cost of Goods Sold $75 Credit: Merchandise Inventory $75


What are sub entries in a index?

Sub-entries in an index are specific entries that provide more detailed information about a broader topic listed in the main index. They help users locate information within a larger category by breaking it down into related subtopics. For example, in a book index, a main entry might be "Dogs," with sub-entries like "breeds," "training," and "health." This organization enhances navigation and allows for quicker access to specific information.

Related Questions

What transactions might not require reversing entries?

What transactions in accounting might not require reversing entries


If your organization does not allow you to approve your own transactions how might transactions become approved?

Autoapproval during order and transaction matching


How might transactions become approved if your organization does not allow you to approve your own transactions?

Autoapproval during order and transaction matching


Us bank If your organization does not allow you to approve your own transactions how might transactions become approved?

Autoapproval when I approve my statement


If your organization does not allow you to approve your own transactions how might transactions become approved us bank?

Autoapproval when I approve my statement


Is Electronic Funds Transfer require a deposit slip?

No. Electronic Funds Transfer does not require a deposit slip. All electronic transactions are initiated through the banks website and is completed in a paperless fashion. The bank might print out daily or monthly transaction lists but for a single transaction, no paper slips are required.


Accounting transactions from source documents are recorded in what?

The term you might be looking for is the "journal".


Accounting journal entries?

I am assuming this question is asking what Accounting journal entries are? Each of a firm's transactions are recorded in journals. Each major transaction is recorded in the General Journal, where various repetitive transactions are recorded in special journals, with the totals translated into the General Journal later. These journal entries are the basis for the General Ledger, the Trial Balance, and the Financial Statements. There are two components to any journal entry: Debits and Credits. Whenever you debit accounts in your journal entry, you must credit other accounts for an equal amount. Your total debits should always equal total credits. As an example, these are what the journal entries for the sale of inventory to a customer might look like. Part 1 - The Inventory was sold to an outside customer for $100. Debit: Cash $100 Credit: Revenue $100 Part 2 - The Cost of the Inventory credited to the books Debit: Cost of Goods Sold $75 Credit: Merchandise Inventory $75


Is Nelson still in Falling In Reverse?

There is no one named Nelson in Falling In Reverse. But you might have gotten his name wrong. His name is Nason, that's probably who you're talking about. If so, I don't know the exact answer to this. I know Nason has another band: MeMyselfAlive (I think that's it). So he might or might not be in Falling In Reverse.


Why won't your van go into reverse?

If your van won't go into reverse, the transmission might be stuck. It could also be low on transmission fluid.


Do earaches require antibiotics?

No. They require investigation by a doctor who might then prescribe antibiotics if appropriate.


What are sub entries in a index?

Sub-entries in an index are specific entries that provide more detailed information about a broader topic listed in the main index. They help users locate information within a larger category by breaking it down into related subtopics. For example, in a book index, a main entry might be "Dogs," with sub-entries like "breeds," "training," and "health." This organization enhances navigation and allows for quicker access to specific information.