Income Summary Journal Entry
Here are brief explain of Income Summary Journal Entry. Income summary account is a temporary account used during the closing […]
Revenue
Expenses
Gasoline Expense Journal Entry
Here are Gasoline expense journal entry. Gasoline expenses are recorded to track the cost incurred for fuel used in business
Expenses
Gas and Oil Expense Journal Entry
Here are Gas and oil expense journal entry. Gas and oil expenses are recorded to track the cost incurred for
Sales
Gain on Sale of Asset Journal Entry
When a company sells a fixed asset, the difference between the sale price and the book value of the asset
BasicAccounting
Fixed Asset Additions Journal Entry
Adding a fixed asset to a company’s books involves recording the purchase of long-term tangible assets such as machinery, buildings,
Cash
Cash Flow Journal Entries
Cash flow journal entries are crucial for tracking the movement of cash in and out of a business. These entries
BasicAccounting
Business Transaction Journal Entries
Here are most commonly used Business Transaction Journal Entries. Recording business transactions accurately in the journal is essential for maintaining
Payment
Advance Payment From Customer Journal Entry
Advance payment from customer journal entry is Cash/Bank Account Debit The account representing the cash received, Unearned Revenue Account Credit
BasicAccounting
15 Journal Entries
15 Essential Journal Entries in Accounting Here are 15 commonly used journal entries to help you understand various accounting transactions.