what is journal entry. Let me have the detailed with
example. Also the difference between the journal and payment
entry.
- 3 Answers
- 4877 Views
- I also Faced
- E-Mail Answers
Answer Posted / vidhya
All accounting transactions are recorded through journal
entries that show account names, amounts, and whether those
accounts are recorded in debit or credit side of accounts.
general exp alc dr
cash a/c cr
payment enteries
cash a/c dr
bank a.c cr
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
what is the primary of for-profit organisation
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
What is an interest rate swap
Explain what does financial statement of the company includes?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
Do you know public accounting?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Plz Ask from me New Accounting Questions.
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
give 3 reasons why capital is referred to as a special liability
What do you mean by gaap in accounting?
Tell me why some asset accounts have a credit balance?
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
Do you know what is liabilities and what all does include in current liabilities?
