Accounting
Accounting

Journal Entry for Voided Check

Journal Entry for Voided Check Voided check is the check that company has prepared and issued, but decide to cancel due to any mistake. The check will become invalid after the company voided the check. Check is a promissory note that company uses to settle the payment with the supplier ...
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Journal Entry for Capital Increase

Journal Entry for Capital Increase Capital increase is the process of adding additional owner capital into the business. The company needs capital to start a business. The owner started to invest the money to purchase the assets and pay the suppliers or other parties. In the beginning, the company will ...
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Journal Entry for Gain on Sale of Fixed Assets

Journal Entry for Gain on Sale of Fixed Assets Gain on sales of assets is the fixed assets’ proceed that company receives more than its book value. Fixed assets are long-term physical assets that a company uses in the course of its operations. These include things like land, buildings, equipment, ...
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Journal Entry for Goods Received

Journal Entry for Goods Received Goods received is the time that the supplier handles the goods to the customers. Purchasing is the process of the company finding suppliers, comparing quotes, placing orders, receiving goods, and making payments. There are different treatments that a company has to make at each stage ...
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Journal Entry for Full Settlement

Journal Entry for Full Settlement Full Settlement is the payment that company made to the supplier to clear all the outstanding accounts payable of one specific invoice. When company makes a purchase, the seller may offer you the option to pay for the item over time. This is known as ...
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Journal Entry for Issue of Shares

Journal Entry for Issue of Shares Shares issues are the process by which the company sells its ownership to the investors in exchange for capital. Company requires the capital to invest in the daily operation and expansion. The return from company operation may not be enough to support the growth ...
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