Started Business with Cash Journal entry is probably the initial accounting transaction. Any Entity needs Capital to achieve its primary business objective. Owners bring Capital into the business through We will learn some basic concepts before moving on to the main … [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 or processing raw materials. So, the Purchase of this 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
A computer purchase is a financial transaction. It is recorded according to certain rules Those are the 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, … [Read more...] about Computer Purchase Entry
PV Ratio Formula
PV Ratio Formula is Profit Volume Ratio Formula This formula helps calculate the profits of a product. Every Business Model seeks to profit by selling services or goods to customers. The first steps in this process are planning and preparation. Budgeting is a component … [Read more...] about PV Ratio Formula
Cheque deposit JE
A cheque deposit results in an inflow of funds. We will understand JE in the Q&A form. What does a Cheque deposit mean? It's a receipt from the debtors. Where is the Cheque deposited? Deposit happens in Banks. How to record the Journal Entry? Identify … [Read more...] about Cheque deposit JE