Posted inStudy Material
Purchase Furniture Journal Entry: Journal Entry for Cash & Credit
Purchasing office furniture is a standard transaction to make in any enterprise. You should account for this transaction correctly in your books.…
Posted inStudy Material
Prepaid Insurance Journal Entry: Tally, Adjusting Entries & More
In order to safeguard their assets, businesses pay insurance premiums upfront. The premium paid before the commencement of the insurance period is…
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Cheque Dishonoured Journal Entry: Examples & Bank Charge Entries
In case of a bounced cheque, you need to record it correctly in your books. The entry you pass for this…
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Bank Charges Journal Entry: Meaning, Examples and Tally Entries
Banks charge money for various services. You need to write these deductions into your ledger books. This is referred to as bank charges…
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Meaning of Sales Journal Entry: Format, Importance and Impact
Every business needs to record its sales in proper books. This helps to keep track of income and customers. The…