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The Art of Recording Accounts Receivable Journal Entry Records
Accounts receivable is money owed to regularly used by businesses. When a company sells goods or services on credit, it does not…
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Interest Received Journal Entry and Its Accounting Treatment
The interest received journal entry records the income that a business earns from interest. It comes from savings accounts, investments,…
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Basic Journal Entries: Types & Entries Example in Various Cases
In accounting one of the things to learn is basic journal entries. All financial transactions in accounting are based on them.…
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Purchase Journal Entry: Format, Examples and Recording Steps
A business records all its credit purchases in its purchase journal (purchase journal entry). It helps to track the purchases of…
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Mastering Journal Entry Format: Key Examples, Rules and Steps
The journal entry format is the format used to record each and every financial transaction in accounting. It maintains the records clear,…