Posted inStudy Material
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…
Posted inStudy Material
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…
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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.…
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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…
Posted inStudy Material
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…