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The journal entry "ABC Computers" is indented to indicate that this is the credit transaction. It is accepted accounting practice to indent credit transactions recorded within a journal. In the accounting equation form: A = E + L, 500 = 0 + 500 (the accounting equation is therefore balanced).
A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the ...
Bookkeeping first involves recording the details of all of these source documents into multi-column journals (also known as books of first entry or daybooks). For example, all credit sales are recorded in the sales journal; all cash payments are recorded in the cash payments journal. Each column in a journal normally corresponds to an account.
Ledger from 1828. The term ledger stems from the English dialect forms liggen or leggen, meaning "to lie or lay" (Dutch: liggen or leggen, German: liegen or legen); in sense, it is adapted from the Dutch substantive legger, properly "a book lying or remaining regularly in one place".
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A general journal entry would typically include the date of the transaction (which may be dispensed with after the first entry of the day), the names of the accounts to be debited and credited (which should be the same as the name in the chart of accounts), the amount of each debit and credit, and a summary explanation of the transaction ...
The postgame message of “sticking together” from Matt Eberflus following the Chicago Bears' Thanksgiving Day loss to the Detroit Lions reportedly did not go over well with members of the team.
“Even at 450 pounds. I was a very sexual woman," Cross says in PEOPLE's exclusive clip of '1000-Lb. Best Friends,' adding that she feels even more sexual at 195 lbs.