Nowadays, physical cash usage decreased significantly due to the implementation of digital money worldwide. So, the cash deposits are also not that frequent. In this digital era, there are a lot of new inventions happening every day. Cash Deposit machines are one such further … [Read more...] about Cash Deposit into Bank Journal entry
Started Business with Cash Journal Entry
Any Entity needs Capital to achieve its primary business objective. Owners bring Capital into the business either as Equity Shares, Preference Shares, Capital from the Partners (if the entity is a partnership firm), or debt/financings from borrowers. We will learn some basic … [Read more...] about Started Business with Cash Journal Entry
Installation of Machinery Journal entry
Machinery is a Fixed Asset that assists in achieving the primary objective of the business, such as Manufacturing goods, Processing raw materials, etc. So, the Purchase of those Machinery will involve high costs, and the size of such Machinery will be so huge that it might take a … [Read more...] about Installation of Machinery Journal entry
Purchased Computer Journal Entry
We need to record every financial transaction in the books of accounts by following the Golden Rules of Accounting. So, we will follow the above steps to record the Purchased Computer Journal entry. Such a recording process includes: A thorough understanding of the … [Read more...] about Purchased Computer Journal Entry
PV Ratio
PV Ratio means Profit Volume ratio. The ratio helps expressing the relationship of Contribution to Sales. This ratio is also called as Contribution to Sales ratio. What’s the formula for PV ratio? Profit Volume Ratio = (Contribution/Sales)*100 Are you wondering what … [Read more...] about PV Ratio
