Trending Journal Entries Discussions

 

Answer added by  Osborn Tyler, Store Manager, Transguard Group
11 days ago

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How to record money withdrawn by the owner to invest in a new branch as capital ?‎

our company is planning to open the2nd branch Both have separate Bank account should the Amount Taking by the owner recorded as Drawing Account in the first branch book‎ ... See More

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Journal entry for received from C&co as cheque as full and final settlement?‎

journal entry for received from C&co as cheque as full and final settlement‎

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Please Explain the impact of the missing journal entry on the financial statements of the company?‎

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Advance rent paid for building?‎

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Taken loan from manoj by cheque?‎

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Patent right account is in the nature of _ ?‎

a. Personal account  b. Real account  c. Nominal account  d. Suspense account ‎

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What is the difference between a journal and a ledger?‎

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Stock worth 10000 cost price 7500 taken by clerk. Amount to be deducted from his salary subsequent month. journal entry will be...??‎

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If the journal entry to record an accrued liability were accidentally recorded twice, it would:‎

a. Understate income for the year. b. Overstate income for the year. c. Have no effect on income for the year. d. Understate accrued liabilities at the end of the year‎ ... See More

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