leonard77 leonard77
  • 23-04-2019
  • Business
contestada

how to do a journal entry in accounting​

Respuesta :

mariannanaychuk mariannanaychuk
  • 02-09-2019

Answer:

You should "Debit" one account in your general ledger and "Credit" another.

Explanation:

Example - you receive an invoice from your vendor for $100,000 (assuming non-VAT transaction). Your journal entry would look the following:

Debit: Expense $100,000  

Credit: Accounts Payable $100,000

Answer Link

Otras preguntas

What's the book Flush by Carl Hiaasen about? I just need a simple summary.
Factor this expression. Check by multiplying factors. 3ab+a+3b^2+b whats the answer
The double number line below shows the prices for a certain number of packs of laundry detergent at a store. Which statement correctly gives and explains the pr
What is the square root of 3 plus the square root of 27 someone explain this in steps please :(
What best describes presentation software?
Help with calculating bond energies. The formula is C3H8 + Br2 --> C3H7Br +HBr C-H, 414; C-Br, 276; Br-Br, 193; H-Br, 364.
Ursula pours equal volumes of vinegar into five separate containers. The total volume of vinegar in the five containers is one liter. What is the volume of vine
In circle P, BC=24. What is the length of arc AC?
The driving mechanism for plate tectonics was proposed by _____________________. A. J. Tuzo Wilson B. Harry Hess C. George Newman D. Alfred Wegener
What is the sum of the rational expressions below? 3x-1/2x + 3x/x-1