Posted inStudy Material
TDS Journal Entry Made Easy: Tally, GST, and Accounting Steps
A TDS journal entry records the tax deducted at source during payments like salary, rent, or professional fees. You must…
Posted inStudy Material
Outstanding Salary Journal Entry with Format & Practical Examples
The outstanding salary journal entry is a simple but important concept in accounting. It helps businesses show salaries that they…
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What is Discount Received Journal Entry? Format and Examples
In everyday business activities, discounts are granted and accepted. Such discounts will save money or promote payments for speed. A company that…
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Discount Allowed Journal Entry: Meaning, Entry and Examples
In accounting, the discount allowed journal entry is used when a business gives a cash discount to a customer for…
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Accrual Journal Entry: Record Income and Expenses Accurately
An accrual journal entry helps you record income or expenses when they happen, not when money moves. This system fits…