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debit cash / bank 4500
credit asset 4000
credit profit 500

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What is the journal entry of Goods lost by fire Rs 4000?

debit goods lost by fire 4000credit goods inventory 4000


Paid salaries of Rs 4000 to office staff what is the journal entry of the transaction?

Accounting EntrySalaries a/c xxxxxCash a/c xxxBank a/c xxx


What is the journal entry for started business with cash rs 4000 and furniture rs 10000?

Debit cash 4000debit furniture 10000Credit capital 14000


What is the journal entry for January 4 purchase inventory of 4000 units at 8 per unit on account.?

The journal entry for the purchase of 4,000 units of inventory at $8 per unit on account would be recorded as follows: Debit Inventory $32,000 Credit Accounts Payable $32,000 This reflects an increase in inventory and a corresponding liability to pay the supplier.


What is the meaning of entries to apportion recorded cost?

Apportioning cost means dividing cost between Expired cost (depreciated value) and Unexpired cost (not depreciated yet). Cost which is used or whose time period is over is expired cost which can also be called as expense now, while unexpired cost can be named as remaining book value. For example, Prepaid rent was paid in September for the coming 4 months was $4000. Now, at the end of September the expired cost will be $1000 (and will be recorded in income statement as expense) and Unexpired cost will be $3000 (& will be recorded in Balance sheet as an asset ). Entry at the start of September would bePrepaid Rent a/c $4000 (Dr)Cash a/c $4000 (Cr) Entry at the end of September would be Rent a/c $1000 (Dr)Prepaid Rent a/c $1000 (Cr)See here, the used up cost or you may say asset has been turned into an expense, mitigating the value of Prepaid rent with $1000. Suppose you are preparing Balance Bheet at the end of September, the $1000 will be recorded in Income Statement as an expense while the Remaining $3000 will be recorded as current asset in Balance Sheet.

Related Questions

What is the journal entry of Goods lost by fire Rs 4000?

debit goods lost by fire 4000credit goods inventory 4000


Paid salaries of Rs 4000 to office staff what is the journal entry of the transaction?

Accounting EntrySalaries a/c xxxxxCash a/c xxxBank a/c xxx


What is the journal entry for started business with cash rs 4000 and furniture rs 10000?

Debit cash 4000debit furniture 10000Credit capital 14000


What will journal entry of received R's 4000 as advance from a and sold goods to R's 6000 to a?

debit advance cash 4000credit A 4000debit a 6000credit sales revenue 6000


What is the journal entry for January 4 purchase inventory of 4000 units at 8 per unit on account.?

The journal entry for the purchase of 4,000 units of inventory at $8 per unit on account would be recorded as follows: Debit Inventory $32,000 Credit Accounts Payable $32,000 This reflects an increase in inventory and a corresponding liability to pay the supplier.


The speed of a 4000 kg truck whose KE is 1.8 MJ is?

The answer is 30 m/s


What is the frequency in mhz of a beam of blue light whose wave length is 4000 angstroms?

750 million


Design a 4 bit majority gate circuit whose output is 1 if the majority of the input are 1 and output is 0 why?

4000 yrs


What is 4000 percent of 4000?

4000% of 4000 =4000/100 * 4000 =160,000


How many years were between 8000 bc and 4000 bc?

4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.


How much does a tandem bike cost?

There's really no telling. Anything from +4000 USD for a custom build to a couple of hundred for a used, entry-level bike.


What is 3873 to the nearest thousand?

4000