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What Journal entry do i make to record cash shortage?
Hi, There is no journal entry for cash shortage as you can never have money less than 0. However if the credit side of the ledger is more than the debit side of the Cash book, the entry passed is Cash/Bank A/C dr......To Bank Overdraft A/C.
Would a credit entry to the accounts receivable ledger account would make the balance increase?
No! Accounts receivables is treated as an asset element in the balance sheet, and crediting an asset means decrease in asset.
How ledger make?
open up a pad of paper. A ledger is only a blank page ready to receive accounting data
Distinguish between an adjusting entry and a reversing entry?
Adjusting entries are made at the end of the accounting period before the financial statements to make sure the accounting records and financial statements are up-to-date. Reversing entries are made on the first day of an accounting period to remove any adjusting entries necessary to avoid the double counting of revenues or expenses.
What entry do you make in the post reference column of the ledger to show that you posted the transactions from the journal?
The "Post Reference" or PR is used ona Ledger to lead you back to the original transaction by identifying the Journal and the page in the Journal. Example - GJ1 = General Journal, page 1. On a Journal the PR can be used to identify the account number used from the chart of accounts
How do you record bank charges in tally 9?
create bank charges ledger under expenses....n make a entry.
What you meant by Self balancing system?
when separate ledgers are maintained for trade debtors and trade creditors ,the debit and credit aspect of certain transactions will note appear in the same ledger Eg: in case of credit sales ,the credit aspect (Sales account) will appear in general ledger whereas the debit aspect (personal account of debtor)will appear in debtors ledger .Take another Eg.like cash discount allowed by a creditor .The credit aspect (personal account of the creditor )will appear in creditors ledger .Thus no ledger is self balancing and it is not possible to prepare a separate trial balance for each ledger .Hence in ,in order to make each ledger self -balancing it is necessary that the corresponding debit and credit aspects are fully "adjustment accounts " in each ledger . the adjustment account helps in completing the double entry in each ledger and making it self balancing . The adjustment account opens in various ledgers are; 1 ) general ledger adjustment account(in debtors ledger) 2 ) general ledger adjustment account(in creditors ledger) 3 ) debtors ledger adjustment account (in general ledger) 4 ) creditors ledger adjustment account (in general ledger)
Returned the defectiv goods to mribrar costing rs7000 how to make the ledger account of the entry?
Is a one of the most nice helping site for student
How can I effectively implement double entry accounting in my personal finance management?
To effectively implement double entry accounting in personal finance management, you should record each financial transaction with both a debit and a credit entry to ensure accurate tracking of income and expenses. Use a ledger or accounting software to organize and balance your accounts regularly, and reconcile your accounts to ensure accuracy. This method helps you maintain a clear overview of your financial situation and make informed decisions.
Are speed exercises necessary for experienced data entry operators?
Speed exercises should not be necessary for experienced data-entry operators, as they are often up to speed already. Speed exercises are more appropriate for new data-entry operators, where practice does seem to make for perfection.
What Journal entry do i make to record cash shortage?
Hi, There is no journal entry for cash shortage as you can never have money less than 0. However if the credit side of the ledger is more than the debit side of the Cash book, the entry passed is Cash/Bank A/C dr......To Bank Overdraft A/C.
How can you make ledger in tally 9 in pdf format?
To make a ledger in Tally 9 in pdf format, simply choose single or multiple ledger in the gateway of tally box. Print the ledger with a virtual printer and it will save in pdf format.
Would a credit entry to the accounts receivable ledger account would make the balance?
No! Accounts receivables is treated as an asset element in the balance sheet, and crediting an asset means decrease in asset.
How do you make a double entry journal?
i don't know that's y i came to this site and it docent help me
Would a credit entry to the accounts receivable ledger account would make the balance increase?
No! Accounts receivables is treated as an asset element in the balance sheet, and crediting an asset means decrease in asset.
Why do you make journal entry?
why do you make genral entry
How ledger make?
open up a pad of paper. A ledger is only a blank page ready to receive accounting data
