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if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.

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Why do you need to re-class a journal entry and clearing an accounting in accounting?

Because somebody made an error, or there was some other kind of misunderstanding. It happens all the time.


Journal entry in reimbursement of expenses incurred in the conduct of audit?

Reimbursement expenses you keep track separetely with operational expenses if our company pays the expenses the journal entry should be (1) Re-imbursement expenses a/c DR xxx To cash a/c .... xxx (2) As the same expenses we need to re-imburse this expenses from other ABC company ABC company a/c Dr xxx To Re-imbursement expenses A/c xxx In the first Journal we debited the expenses and the second we same credited the expnenses.


What is re entry speed?

Re-entry speed refers to the velocity at which a spacecraft returns to the Earth's atmosphere from space. This speed is crucial because it determines the heat and stress the spacecraft will experience during atmospheric re-entry, impacting its design and the materials used for thermal protection. Typical re-entry speeds can range from about 17,500 mph (28,000 km/h) for low Earth orbit missions to higher speeds for missions returning from greater distances, such as lunar or interplanetary missions. Proper management of re-entry speed is essential for ensuring the safety and success of the mission.


How do you get an IRS refund check re-issued?

Call 1-800-829-1040. This is the number for the irs . Let them know that you need to have a check re-issued.


How do you open a closed bank account?

You would need to go in and talk to someone at the bank. The account generally can not be re-opened and a new account would have to be established

Related Questions

How do you do a re-class journal?

To perform a re-class journal entry, first identify the accounts that need adjustment due to misclassification. Then, create a journal entry that debits the account that was incorrectly credited and credits the account that should have been credited. Include a clear description to explain the reason for the reclassification. Finally, post the entry to the general ledger to ensure accurate financial reporting.


Why do you need to re-class a journal entry and clearing an accounting in accounting?

Because somebody made an error, or there was some other kind of misunderstanding. It happens all the time.


Why do you need to re-class a journal entry?

You generally re-class an entry in your financial books if it has been wrongly placed against a certain account. An example of this an expense that was related to a project grant that was classed by your Finance Department on unrestricted dollars. You'd re-class it so you can have the real numbers of expenditures from certain grant lines or financial sources and prevent the misappropriation of disbursements. Hope this answers your question. -A from New York, NY


How do you reverse a journal entry?

Change the signs on the original entry, ie. change the Debit to credit and vice-versa then re-post the journal.


What is the journal entry to increase retained earnings?

To increase RE, depending on the account (e.g. Depreciation - Depr.) that caused or lead to the need to increase RE, you DEBIT Retained Earnings (RE). RE XXX Depr. XXX


What is the Journal entry move land out of current assets?

Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.


Journal entry in reimbursement of expenses incurred in the conduct of audit?

Reimbursement expenses you keep track separetely with operational expenses if our company pays the expenses the journal entry should be (1) Re-imbursement expenses a/c DR xxx To cash a/c .... xxx (2) As the same expenses we need to re-imburse this expenses from other ABC company ABC company a/c Dr xxx To Re-imbursement expenses A/c xxx In the first Journal we debited the expenses and the second we same credited the expnenses.


How t o re-class a entry?

To re-class an entry, first identify the entry that needs to be changed and review its current classification. Then, determine the appropriate new category or classification for the entry. Once identified, update the entry in your accounting or data management system by changing its classification to the new category. Finally, ensure that all related records are adjusted accordingly to maintain consistency and accuracy.


If you have US green card and a valid re-entry permit do you need a Canadian visa to be in Canada?

NO....


Why is re-entry and landing so difficult for spacecrafts?

Re-entry and landing are difficult for spacecraft because they need to slow down from very high speeds and reduce their altitude in a short period of time without burning up or breaking apart in the process. The intense heat generated during re-entry, the precision required for the landing, and the need for complex systems to manage both make it a challenging process. Additionally, factors such as atmosphere conditions, weight distribution, and potential malfunctions add to the complexity of re-entry and landing.


Can i re-enter Singapore on a Singapore visa?

Yes, you can re-enter Singapore on a valid Singapore visa, provided that your visa allows multiple entries. Ensure that your visa is still valid upon re-entry and that you meet any other entry requirements, such as holding a valid passport and fulfilling health or immigration regulations. If your visa is single-entry, you will need to apply for a new visa before re-entering.


When was Re-Entry - Marley Marl album - created?

Re-Entry - Marley Marl album - was created on 2001-10-23.