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1 kwi 2016 · Commonly used Journal Entry Problems and Solutions are here for students. Journal entry is first step in accounting cycle...
20 gru 2023 · Journal Entry Questions and Solutions. Example 1. Pass the necessary journal entries related to the ‘Opening Entry’. (a) On 1st April 2023, Ram started a business with cash ₹5,00,000. (b) On 1st April 2023, Vinod started business with cash ₹1,00,000, furniture ₹2,00,000, and Building ₹10,00,000.
28 wrz 2020 · Do you use a writer’s notebook in your English classroom? Do you find yourself wishing that you had a list of journal writing prompts high school students will like? In this post, I will be sharing 55 different journal prompts.
From the following transactions, pass journal entries for the month of January and February, 2018. Jan. Rs. 1 Commenced business with cash 2,00,000. 2 Opened a bank account by depositing cash 1,00,000.
Journal Entries and Ledger Question and Answer. Before you begin: For purposes of testing and exams it's important to make sure you not only answer questions and exercises correctly but also complete them at the right speed. Use a watch or clock to time yourself while attempting this exercise.
The 30 important journal questions and answers are as follows: Question 01: What is Journal? Answer: The journal is a book of accounts in which business transactions are recorded with explanations in chronological order by determining debit and credit using the double-entry system. Question 02: What are the Different Names of Journal?
How would you post the above journal entry? The cash entry would be posted as a debit and the unearned revenue as a credit in the amount of $500 to the general ledger .
