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Accumulated Depreciation Journal Entry: Example & Recording Steps
Accounting is not the easiest thing to comprehend. However, there is one subject that is particularly relevant and potentially complicated, which is…
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Rent Received Journal Entry: Format, Example and GST Details
The rent received journal entry is used to record income earned from leasing out property or space. It reflects the…
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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…