Journal entry example sentences

” When the debentures are redeemed, the requisite amount of Debenture Redemption Reserve is transferred to General Reserve by recording the following journal entry.In case of the whole business being taken over if the amount of debentures issued is more than the amount of the net assets taken over, Its difference (excess) will be treated as value of goodwill and the same shall also be debited while passing the journal entry for the purchase of vender's business (see Illustration 10).In case of the whole business being taken over if the amount of debentures issued is more than the amount of the net assets taken over, Its difference (excess) will be treated as value of goodwill and the same shall also be debited while passing the journal entry for the purchase of vender's business (see Illustration 10).Having written the Narration a line is drawn in the Particulars column, which indicates the end of recording the specific journal entry.When only two accounts are involved to record a transaction, it is called a simple journal entry.Error while posting a journal entry: a journal entry may not have been posted properly to the ledger, i.e., posting made either with wrong amount or on the wrong side of the account or in the wrong account.” When the debentures are redeemed, the requisite amount of Debenture Redemption Reserve is transferred to General Reserve by recording the following journal entry.” When the debentures are redeemed, the requisite amount of Debenture Redemption Reserve is transferred to General Reserve by recording the following journal entry.In case of the whole business being taken over if the amount of debentures issued is more than the amount of the net assets taken over, Its difference (excess) will be treated as value of goodwill and the same shall also be debited while passing the journal entry for the purchase of vender's business (see Illustration 10).For example, the book-keeper may debit a correct amount in the wrong account while making the journal entry or in posting a journal entry to the ledger.” When the debentures are redeemed, the requisite amount of Debenture Redemption Reserve is transferred to General Reserve by recording the following journal entry.Recall the journal entry that is recorded using manual accounting system.This journal entry has data contents that are filled-up using a simple transaction voucher, which is prepared by Smith and authorised by Aditya.Errors which affect two or more accounts are rectified by passing a journal entry.The errors which affect only one account can be rectified by giving an exaplanatory note in the account affected or by recording a journal entry with the help of the Suspense Account.