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GST Journal Entry: Sales, Purchase and Input-Output Full Format
A GST journal entry records all GST-related business transactions in the books of accounts. It helps track GST input and…
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Goods Destroyed by Fire Journal Entry: Examples & Insurance Claim
Fire is a loss for any business as their goods burn. In accounting, this loss after the filing must be properly recorded.…
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Sold Goods on Credit Journal Entry: Simple Steps and Examples
When a business sells goods on credit, it permits the customer to take the goods immediately with the agreement to…
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Salary Payable Journal Entry: Examples, TDS and Tally Adjustments
The accounting at the time of recording salaries requires the recognition of both an expense as well as a liability. This is…
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What is an Accounting System? Types, Basis & Role of Technology
Accounting system allows individuals and entities to document their monetary transactions. It indicates how much money comes in and how much goes…