因为expense和cost of goods sold前面是自带负号的啊，虽然equity本身normal balance在credit那边，但有负号...
Best practice:Don't use cash when spending money on your business. Cash is much harder to track and is very difficult to reconcile with receipts and statements when compared to debit or credit transactions. 2. Categorize your expenses by how often they occur For a better understanding of how ...
Is an Accrued Expense a Debit or Credit? Debits and credits are used in a company’s bookkeeping in order for its books to balance. Debits increase asset or expense accounts and decrease liability,revenueor equity accounts. Credits do the reverse. When recording a transaction, everydebitentry ...
Sales是销售额，是进来的，当然是credit呀。cost of goods sold和expenses都是出去的钱，当然是debit了...
资产和成本费用（借方余额）和收入、负债与所有者权益（贷方余额）销售收入，工资都属于ILE 销售收入属于ILE，办公室租赁费属于AE，广告和促销费属于AE。
As a startup, the business owners charged their credit card and now those expenses need to be reimbursed. I understand creating expenses and issue a check. However, I do not understand why I need to create a Journal Entry with a credit and debit transaction? Thank ...
To see the debit and credit journal entry for this cash expense transaction (with detailed explanations), check out the tutorial Expense Journal Entry.George's Catering business stood as follows:Here's the next transaction:h) In order to be able to successfully pull off the catering job for ...
When recording a transaction, every debit entry must have a corresponding credit entry for the same dollar amount, or vice-versa. Let’s return to Anderson Autos for an example. Mr. Anderson pays $1904.00 in total subscriptions in November. Again, he hasn’t received a single magazine or ne...
toward the loan — $160 goes toward the principal and $40 goes toward interest. In the general ledger, the owner records the transaction as a $160 debit to decrease liability in the loans payable account, a $40 debit in the interest expense account, and a $200 credit in the cash ...
Try to ensure that all travel-related purchases are made using a debit or credit card, then you’ll have a record. You can use one of two methods – total expenses or flat rate – to calculate your yearly travel expenses. Sole trader vehicle allowances: total expenses Using this method,...