Pokemon
debit goatCredit cash
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
My account balance in Construction LOC is $154833.00; what is the journal entry to record the $154833 in Construction in Progress Account? roger_randolph@yahoo.com
A reversing entry is a journal entry to "undo" an adjusting entry. When you create a reversing journal entry it nullifies the accounting impact of the original entry. Reversing entries make it easier to record subsequent transactions by eliminating the need for certain compound entries. Reversing entry can be created in two ways. First method is to use the same set of accounts with contra debits and credits, meaning that the accounts and amounts that were debited in the original entry will be credited with the same amount in the reversing journal "nullifying" the accounting impact. The second method is to create a journal with same accounts but with negative amounts that will also nullify the accounting impact of the original transaction
why do you make genral entry
Matching" in accounting means to make an entry in the journal
There are many different ways that you can make a journal entry for burden. You can for example explain how it has come into your life and affected you.
Pokemon
Whenever any business transaction occur It is compulsory to make journal entry so this is true in case of sales as well.
Debit treasury stockCredit cash / bank
a back order
L/C related all journal entries
debit goatCredit cash
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
Make a journal entry for it to match your books.
debit Assetscredit liabilitiescredit cash (if any)