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GeekInterview.com > Interview Questions > Accounting > General Ledger
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Question: Journal Entry
Answer: Every increase in expenditure & assets will be a debit, every decrease in expenditure & assets will be a credit - Put a journal entry and show a puchase transaction. |
| October 10, 2009 06:55:01 |
#3 |
| sivareddy.bommu |
Member Since: October 2009 Total Comments: 2 |
RE: Journal Entry
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Non Cash Transactions Should be Recorded In Journal Entry.
For Ex:
Salaries A/c Dr xxxxx
To Salaries Payble A/c xxxx.
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