Journal Entry for Patent
Journal Entry for Patent Introduction In business, the patent is an intangible asset that we buy to get exclusive rights to manufacture … Read more
Journal entry for goods sold for cash
Journal entry for goods sold for cash Introduction In merchandising business, we will have a lot of transactions of the goods sold … Read more
How to record deferred revenue
How to record deferred revenue Introduction In business, we may receive cash in advance from our customers for the service that we … Read more
Journal entry for license fee
Journal entry for license fee Introduction In accounting, the license fee that the company pays to obtain the right to use certain … Read more
Journal entry for discount received on purchase
Journal entry for discount received on purchase Introduction In business, it is common that we may receive some percentage of discount on … Read more
How to record the dividend declared and paid
How to record the dividend declared and paid In business, the company, as a corporation, may need to declare and pay dividends … Read more
Journal entry for unrealized gain or loss on investment
Journal entry for unrealized gain or loss on investment Introduction In accounting, the unrealized gain or loss on the investment is the … Read more
Journal entry for disposal of asset fully depreciated
Journal entry for disposal of asset fully depreciated Introduction Sometimes, we may need to dispose of the asset that is fully depreciated … Read more
Journal entry for dividend received from subsidiary
Journal entry for dividend received from subsidiary Introduction In accounting, the profit that our subsidiary generates which increases its net worth or … Read more
Journal entry for interest-bearing note payable
Journal entry for interest-bearing note payable Introduction Sometimes, we may issue an interest-bearing note to purchase the goods from our supplies or … Read more