How to record investment in debt security
How to record investment in debt security Introduction In the security market, the investment in debt security is considered a lower risk … Read more
Cash Lost by Theft Journal Entry
Cash Lost by Theft Journal Entry Most businesses deal in cash on a daily basis – it is the lifeblood of the … Read more
Capital Introduced Journal Entry
Capital Introduced Journal Entry Capital refers to the money or assets that a business uses to generate revenue. This can include cash … Read more
Purchased Computer Journal Entry
Purchased Computer Journal Entry The company purchased the computer for internal use and it is classified as a fixed asset. Fixed assets … Read more
Journal entry for amortization of leasehold improvement
Journal entry for amortization of leasehold improvement Introduction In business, we may need to make some improvements on the leased building that … Read more
Journal entry to record income from subsidiary
Journal entry to record income from subsidiary Introduction In accounting, a subsidiary company is an investee company that we, as a parent … Read more
Journal entry to write off lost inventory
Journal entry to write off lost inventory Introduction In the business, there may be a case of inventory loss for various reasons. … Read more
Journal entry for sale of plant asset
Journal entry for sale of plant assets Introduction In accounting, when we make the sale of plant assets, we need to remove … Read more
Journal entry for loan payable
Journal entry for loan payable Introduction In accounting, loan payable is a liability that occurs when we take the loan from the … Read more
Journal Entry for Purchase Furniture with Cash
Journal Entry for Purchase Furniture with Cash Purchase furniture with cash is the process the company uses the cash to acquire the … Read more