Which Entries Or Transactions Are Entered In Journal Voucher?
Answers were Sorted based on User's Feedback
Answer / reddy
Non cash Tractations entered in Journal Vouchers
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / m.amaan
All those ADJUSTMENT entries which does not affect any cash
or bank transaction are entererd in Journal voucher.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / reshmi
only adjustment entry will be done in journal voucher.
| Is This Answer Correct ? | 3 Yes | 1 No |
my question is above mr amjad and reshmi
if only expenses or adjustment entry will be pass
for examle if i purchase furniture 5000 and paid in cash
2500.remainig balnace is out standing and paid in next year
entry is
furniture a/c dr 5000
to cash a/c cr 2500
to o/s 2500
its only pass in journal voucher i want to ask u how can u
say that only non cash transaction pass in journal voucher
the cash is mention here in journal voucher
please i want the answer both of you
i want to say that journal voucher can be also use for cash
i am right please vote me
| Is This Answer Correct ? | 2 Yes | 2 No |
Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 5) If cheque is received from the tenant, journal entry=? 6) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.
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