Journal Entry for Withdrawal of Capital
Journal Entry for Withdrawal of Capital Capital refers to the amount of assets that the owner invests in the company in order … Read more
Journal Entry for Employee Advance
Journal Entry for Employee Advance Employee advance is a type of cash that an employee borrows from company in a short period … Read more
Accrued Commission Expense Journal Entry
Accrued Commission Expense Journal Entry Commission expense is an operating expense that businesses incur when paying a fee or commission to an … Read more
Accrued Employee Benefits Journal Entry
Accrued Employee Benefits Journal Entry Employee benefits programs are a form of compensation employers provide to their employees in addition to regular … Read more
Increased Investment in Subsidiary Journal Entry
Increased Investment in Subsidiary Journal Entry A subsidiary is a company that is owned or controlled by another company, usually referred to … Read more
Offset Journal Entry for Accrued Payroll
Offset Journal Entry for Accrued Payroll Payroll is the process by which employers calculate and pay their employees’ wages. The payroll process … Read more
Advance Received Journal Entry
Advance Received Journal Entry In business, a cash advance is the amount of cash that a company receives from customers as an … Read more
Journal Entry for Inventory Spoilage
Journal Entry for Inventory Spoilage Inventory is an important element of any business operation. It refers to the products, parts, materials, and … Read more
Accrued Audit Fees Journal Entry
Accrued Audit Fees Journal Entry An audit fee is a professional fee charged by an auditor for performing an audit on company … Read more
Journal Entry to Clear Accounts Payable
Journal Entry to Clear Accounts Payable Clearing accounts payable is the process that a company removes the payable balance from the balance … Read more