debit basketballcredit cash
Debit fixed assetCredit cashcredit rebate
debit stamp age purchasecredit cash
general journal
debit land accountcredit notes payable
Journal Entries are used to record accounting transactions. blady bastered............
I would like to know how accounting journal entries would differ on acquisition in compliance with IAS a) under pooling interest method b) under purchase mehod Appreciate this is explained in detailed numbers for acquiree & acquirer.
debit assetcredit donations
[Debit] Purchases xxxx [Credit] Cash / bank xxxx [Credit] Accounts payable xxxx (if purchased on credit)
It is important to record adjusting entries as if it is not done then there is no accurate financial statements will be available.
debit installation chargescredit cash
debit giftcredit capital