Inventory Revaluation Journal Entry
Here are Inventory revaluation journal entry. Inventory revaluation is the process of adjusting the book value of inventory to reflect […]
Inventory
Accounting
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,
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
BasicAccounting
15 Journal Entries
15 Essential Journal Entries in Accounting Here are 15 commonly used journal entries to help you understand various accounting transactions.
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Journal Entry For Goods Withdrawn For Personal Use
Journal entry for goods withdrawn for personal use is Drawings Account Debit because increases the drawings account, reflecting the withdrawal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