Journal Entry for Credit Card Purchases
Journal Entry for Credit Card Purchases is Purchase/Expense Account Debit and To Credit Card Payable Account Credit, and when payment […]
Purchase
Balance Sheet
Journal Entry For Construction of Building
The construction of a building is considered a capital expenditure, which means it will be recorded as an asset in
Profit
Journal Entry for Capital Gain on Shares
When shares are purchased and then sold at a profit, it results in a capital gain. The following example illustrates
Capital
Journal Entry For Building Improvements
Capitalizing Building Improvements Let’s assume Company A makes improvements to its building, costing ₹5,00,000 on 01-07-2024. The improvements are expected
Capital
Capital Lease Accounting Journal Entries
Capital lease accounting journal entries is Machinery Account Debit and Lease Liability Account Credit, and second entry is Interest Expense
Expenses
Operating Lease Accounting Journal Entries Example
Here are Operating Lease Accounting Journal Entries Example. Operating leases are lease agreements where the lessee does not Consider the
Trading
Trade Discount and Cash Discount Journal Entry
Trade Discount: A trade discount is given at the point of sale, reducing the listed price of goods. It is
Accrued
Provision For Expenses Journal Entry with Example
Here are Provision For Expenses Journal Entry with Example. A provision for expenses is made to account for anticipated future
Accrued
Journal Entry for Received Utility Bill to Be Paid Next Month
Here are Journal Entry for Received Utility Bill to Be Paid Next Month. When a utility bill is received but