outstandindg expences journal entry expences a/c dr
to outstanding expences a/c
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journal entries can be prepared at any time.there is no particular time/day/month/year.only if it is mentioned in question we prepare it according to given data.
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Journal entries should be posted in chronological order means as it happens if any transaction happend first it should be recorded first.
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The name for journal entries that reflect cash dividends from retained earnings is closing entries. This also reflects book value and cash flow.
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Journal entry ledger samples can be found online at places like Accounting Explained and GSU.edu. You might also find these samples in journals sold at places like Office Depot.
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Debit customer deposits
Credit unearned revenue
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Debit Job account
Credit disbursement account
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Debit depreciation expenses
Credit leasehold improvement
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Debit cash / bank / accounts payable
Credit purchases returns
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debit cash
credit professional fee revenue
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Debit promotion and advertisement expense
Credit goods account
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Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.
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debit house rent allowance
credit cash / bank
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Debit bank account
Credit retained earnings
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Jurnal used to accomodate employee compensation
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[Debit] Cash / bank
[Credit] Unearned Interest Income
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debit mortgage payable
credit owners capital
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Debit fixed asset
debit interest expense
Credit cash /bank
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Debit dental supplies inventory
Credit cash / bank
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Bank account DR
To Loan account
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Journal for transfer of donation amount unspent to corefund
for project
Expenses DR
To bank CR
To cash CR
( Budget amount spent )
For core fund
Bank
Cash
Advance
To Transfer of balance of project
To TDS transfer to HO
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what is entry of closing stock in p & L a/c & balance sheet
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Furniture is depreciated as it is tangible assets while intangible assets are amortized.
Debit depreciation
Credit Furniture
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debit accounts receivable
debit sales tax
credit sales revenue
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Debit bad debts
Credit accounts receivable
Recovery
Debit cash /bank
Credit bad debts recovery
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[Debit] Cash / bank
[Credit] share capital
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Check out www.bondterrier.com which is an interactive learning tool dealing with Accounting for the Life-Cycle Events of Bond Liabilities that are (a) Convertible into Common Equity at the Holder's Option and (b) Callable at the Issuer's Option. Journal entries are provided for Issuance; Interest Payments; Discount/Premium Amortization; Conversion; Call; Maturity.
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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.
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