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
Accounting
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
Computer Purchase Entry
Computer purchases is a financial transaction. It is recorded per certain rules Those are Golden Rules of Accounting. Such a recording process includes: Steps to Record the Purchased Computer Journal Entry We need to follow the above steps. so, let's break … [Read more...] about Computer Purchase Entry
PV Ratio Formula
Every Business Model seeks to earn profit by selling services or goods to customers. The first steps in this process are planning and preparation. Budgeting is a component of such preparation. Budgets estimate the costs of acquiring raw materials, purchasing machinery, … [Read more...] about PV Ratio Formula
Cheque deposit JE
Cheque deposit results inflow of funds. We will understand JE in Q&A form. What does Cheque deposit mean? Its a receipt from the debtors. Where is Cheque deposited? Deposit happens in Banks How to record the Journal Entry? Identify the GL accounts … [Read more...] about Cheque deposit JE
