Loan taken from bank journal entry
Loan taken from bank journal entry When an individual or a firm or a company needs money to expand its …
Rent received journal entry
Rent received journal entry Rent received journal entry When a person, firm, or company gives the right to use its …
Outstanding Salary Journal Entry
Outstanding Salary Journal Entry Outstanding Salary- Salary for the month of March is due but not paid called outstanding salary. …
Commission received journal entry
Commission received journal entry The remuneration that an agent gets for the services rendered by him is called commission. Usually, …
National Income Meaning
National Income Meaning National Income refers to the money value of all final goods and services produced by normal residents …
circular flow of income
Circular Flow of Income Circular Flow of Income Circular flow of income refers to the cycle of the generation of …
Types of assets/ list of assets
Types of assets/ list of assets Types of assets/ list of assets Assets Assets are valuable and economic resources of …
Account receivable journal entry
Account receivable journal entry Account receivables? Accounts receivables are the amounts receivable by the business enterprise against goods sold on …
Prepaid expense journal entry
Prepaid expense journal entry Prepaid Expenses? Sometimes a part of a certain expense paid may relate to the next accounting …
Types of liabilities/ list of liabilities
Types of liabilities/ list of liabilities Types of liabilities/ list of liabilities Liabilities Liabilities are obligations or debts that an …