Started Business With Cash Journal Entry
Started business with cash journal entry is Cash Account Debit The account representing the cash on hand, Owner’s Capital Account […]
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Expenses
Prepaid Expenses Journal Entry
Prepaid expenses journal entry is Prepaid Expenses Account Debit The account representing the payment made for goods or services not
Balance Sheet
Bonus Share Journal entry
Bonus share journal entry. Bonus shares are additional shares given to existing shareholders without any additional cost, based on the
Salary
Salaries Due To Clerk Journal Entry
Salaries due to clerk journal entry is Salaries Expense Account Debit The account representing the salary expenses incurred during the
Accrued
Interest Due But Not Received Journal Entry
Interest due but not received journal entry is Interest Receivable(Asset) Account Debit Because increases the interest receivable account, reflecting the
BasicAccounting
Goods in Transit Journal Entry
Here is a brief explain of Goods in transit journal entry. Goods in transit refer to items that have been
COGS
Cost of Goods Sold Journal Entry
Cost of Goods Sold Journal Entry is Cost of Goods Sold (COGS) Account Debit Because increases the COGS account, reflecting
BasicAccounting
Journal Entry For Goods Withdrawn For Personal Use
Journal entry for goods withdrawn for personal use is Drawings Account Debit because increases the drawings account, reflecting the withdrawal
BasicAccounting
Goods Return Journal Entry
Here is brief explain of goods return journal entry. Goods return involves the process of sending back goods either to