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How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
Which is the journal entry to write off an investment?
example suman moters of rs 10000 is write off then what is the entry
At the time of acquisition of a debt investment what happens?
no journal entry required
How do you properly record a sales journal entry?
To properly record a sales journal entry, you need to debit the accounts receivable or cash account for the amount of the sale, and credit the sales revenue account. This reflects the increase in assets or cash from the sale, and the revenue earned from the transaction.
Why a narrative should be shown as part of a journal entry?
It is impossible to remember the reason for every entry & the entries in the journal sometimes involve "out of the ordinary" transactions.
In bookkeeping, what is the record of original entry?
The General Journal
If a company gives a director a loan of 15000 how do I record a general journal entry?
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
What is the journal entry to record earn-out to seller?
Dr Investment Cr Provision for contingent consideration
What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
What is the journal entry for investment in subs?
equity
What is the purpose of journal entry?
A journal records what you're findings are
You record the debit entry for transaction a 5 1 in the journal as?
You record he credit entry for transaction (a) 5/1 in the journal as
What is the journal entry to record the unrealized loss on donated stock?
Dr. Unrealized loss on investment in Company B (P&L) Cr. Investment in Company B (B/S)
How do i record in a journal entry an amount of 5000 should be transfered to the general reserve account?
You record on the debit side an amount of 5000 that should be transferred to the general reserve account.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
