what is journal entry ? please describe in detail.
Answer Posted / jashi
Journal entry is the posting of business transactions in the accounting books. A journal entry will have same amount of debit and credit.
when sales occured in a company, entry will be,
Cash A/c Dr
To sales A/c Cr
Is This Answer Correct ? | 21 Yes | 5 No |
Post New Answer View All Answers
what is tax deducted at source
cheque deposit is a contra entry?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
How to prepare finalization accounts?
What do you mean by gaap in accounting?
WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
Entries to revenues accounts such as service revenues are usually?
What was the most difficult deal you had to close?
What is book profit? How it was calculated
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
examole of cash to cash contra entry