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Related Questions
What is the journal entry to record a donated asset?
Debit fixed assetsCredit donations / retained earnings
What are the journal entry for asset revaluation?
debit asset and credit asset revaluation
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
What is the journal entry if asset appreciates?
Debit Asset accountCredit retained earnings
How do you record a common stock journal entry in exchange for non cash?
[Debit] Asset / goods in kind [Credit] Share Capital
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What are the accounting journal entry to record the exchange of debt for equipment?
[Debit] Debt Account xxxx [Credit] Asset/Equipment xxxx
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.
The journal entry to record depreciation expense consists of a credit to Accumulated Depreciation and a debit to the asset being depreciated?
Debit is to depreciation expense.
How do you record a journal entry to admit of a partner?
Debit cash / bank / asset in kind xxxx credit partner capital account xxxx
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
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