Describe the process of special journal.

Q: What is a special journal?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: make a journal entry.

A: Step 1 Journal is the part of book keeping.

Q: complete the following journal entries

A: Journal entries recording is the first step of accounting cycle process, in which atleast one…

Q: Define special journals and explain their usefulness.

A: General Journal   It is a chronological record of the transactions, showing an explanation of each…

Q: Wha is the general journal

A: General Journal is a financial book in which all the business transactions are recorded in…

Q: Journal entry

A: Journal entries are a process of recording and classifying business transactions into books of…

Q: Explain the recording process of special journals.

A: Companies use special journals to record repetitive transactions that affect the same set of…

Q: what is the journal entry for lessor

A: Lease refers to the contract under which a lessor allows a lessee to use the asset or property in…

Q: Calculate conversion factor and Record the journal entry upon conversion.

A: Step 1 Journal is the part of book keeping.

Q: What is difference between specific journal and general journal?

A: A specific journal is a type of journal in which primary transactions of a entry is recorded such as…

Q: journal entry

A: SOLUTION  A JOURNAL  IS THE COMPANIES OFFICIAL BOOK IN WHICH TRANSACTIONS ARE RECORDER ON…

Q: Analyze and review the following items and determine the appropriate journal entry.

A: Investment:- An investment is considered as the asset which is acquired with the motive to generate…

Q: e journal entries

A: Trade discount (List price * Rate of discount) = P108,000 * 15% P16,200 A Balance amount payable…

Q: Identify what special journal that is applicable for the following transactions:

A: Given: Payment received from Customer               ₱10,000 Purchase  made on Credit…

Q: [Based on Appendix C] What is the purpose of special journals? In what ways do they simplify the…

A: Special journal: The purpose special journal is to record the particular types of transactions which…

Q: Justapose the relevance of a general journal

A: Justapose the relevance of a general journal?

Q: Journalizing

A: Journal entries recording is the first step of accounting process, under which atleast one account…

Q: GENERAL JOURNAL

A: Ledger is prepared after completion of Journal entry Cash ledger as under

Q: General Journal

A: Advance payment for services to be availed in future is regarded as a prepaid expense under the head…

Q: Journal entry?

A: Answer:

Q: Journal Entry

A: Journal entries recording is the initial step of accounting process. Under this, atleast one account…

Q: Create journal

A:

Q: What is the journal entry of the following?

A: Answer: 1. Cash    Dr       P 5950       Office Supplies    Cr     P5950 2. Prepaid Insurance   Dr…

Q: prepare journal entries

A: Journal Entry The basic process accounting is to enter the required transaction which are incurred…

Q: Required: Journal entries

A: All business transactions are recorded in a journal book so that every transaction can be easily…

Q: Distinguish between a general journal and journal vouchers.

A: General Journal: A general journal refers to a book of original entry in which accountants and…

Q: Give two examples of entires which appears in a ' Journal Proper'.

A: Journal proper: Journal proper is used to record miscellaneous transactions that which don’t find…

Q: Prepare journal entries

A: Jan 1 Cash Dr 3,000,000     To Capital      3,000,000   Jan 2 Purchase Dr 2,000,000        To Atlas…

Q: Prepare journal entries for the above transactions

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: Describe the different types of journal.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: a) Prepare the journal entries

A: The first question has been answered for you. Please resubmit the question specifically mentioning…

Q: Which of these processes leads to the preparation of Journal?

A: Answer

Q: Record the above summary transactions. (Record journal entries in the order presented in the…

A: The act of maintaining or making records of any transactions both monetary or non-monetary.…

Q: Record the above transactions in the classical journal

A: Hi student, Since there are multiple questions, we will answer only first question.

Q: Create journal entries for the following:

A: a. No entry is made on the grant date as no transaction is being entered into by an employee and…

Q: Journalize

A:

Q: Record the following transactions in the general journal.

A: RRR has started a merchandising business under the name of WEEN Trading. We are given transactions…

Q: he general journal

A: The profits of the firm at the end of the accounting year are transferred to the retained earnings.

Q: Define the term journal.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Record Journal Entries

A: Journal entries are those entries which a company have to record on the book of original entries.…

Q: Prepare journal entries to record the following transactions.

A: Concept introduction:   Journal entry is the entry made in Journal books; it is also called books…

Q: how to fill in general journal

A: The general journal is maintained essentially on the concept of double entry system of accounting,…

Q: Explain the distinguishing characteristics of (a) a generaljournal and (b) a special journal.

A: The journals are used by the companies to record the financial transactions of an organization on…

Q: Create a General Journal.

A: When the transactions take place in an entity they are first recorded in the General Journal. From…

Q: journal entries to account for the rights issue with

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by…

Q: What are the types of special journals?

A: Special journal:   The special journal represents similar types of transactions that are recorded…