Installment Sale Journal Entry
Installment Sale Journal Entry Installment Sale is the sale transaction that seller allows the buyer to make payment over a long period … Read more
Journal Entry for Commission Received
Journal Entry for Commission Received Commission is the amount that the company spends on someone to complete the sale of goods or … Read more
Journal Entry for Sale of Land
Journal Entry for Sale of Land Land is the company property that is recorded as the fixed assets on balance sheet. The … Read more
Asset Retirement Obligation Journal Entry
Asset Retirement Obligation Journal Entry Assets retirement obligation is the process of reversal of fixed assets modification which impacts the surrounding community. … Read more
Sold Goods for Cash Journal Entry
Sold Goods for Cash Journal Entry Sold goods for cash is the sale transaction that company receives cash at the moment of … Read more
Petty Cash Replenishment Journal Entry
Petty Cash Replenishment Journal Entry Introduction In business, we usually need to replenish the petty cash fund when our petty cash box … Read more
Shareholder Distribution Journal Entry
Shareholder Distribution Journal Entry Introduction In business, the company may need to distribute earnings in form of the dividend to the shareholders … Read more
Reverse write off journal entry
Reverse write off journal entry Introduction In business, the company may need to reverse the write-off transaction that it has made previously … Read more
Received payment on account journal entry
Received payment on account journal entry Introduction In business, receiving payment on account is a normal occurrence for the merchandising company as … Read more
Journal Entry for Salaries Paid
Journal Entry for Salaries Paid Introduction In business, the company usually makes the salary payment to its employees at the end of … Read more