Asset Capitalization Journal Entry
Asset Capitalization Journal Entry is Debit the appropriate asset account and credit the cash/bank or accounts payable account. Asset capitalization […]
Balance Sheet
Financial
Loss
Loss on Sale of Fixed Assets Journal Entry
Loss on Sale of Fixed Assets Journal Entry is Cash account is Debit, Depreciation account is Debit, Loss on Sale
Dividend
Dividend Declaration Journal Entry
Dividend Declaration Journal Entry is Retained Earnings account is debited because it represents a reduction in the company’s retained profits