ASC 842 Monthly Journal Entries
Under ASC 842, monthly journal entries for leases depend on whether the lease is classified as an operating lease or […]
Accounting
Accounting
Construction Accounting Journal Entries
Construction accounting involves unique journal entries due to the nature of the industry, including long-term contracts, percentage of completion, and
Accounting
ASC 842 Lessor Accounting Journal Entries
ASC 842 is the accounting standard that governs lease accounting. Under ASC 842, lessors must classify leases as either operating
Cash Entries
Intercompany Cash Transfer Journal Entry.
Intercompany cash transfers occur when funds are transferred between different entities within the same corporate group. These transfers are common
Depreciation Entries
Depreciation of Fixed Assets Journal Entry
Depreciation of fixed assets journal entry is Debit the Depreciation Account and Credit Corresponding Fixed Asset Account. Depreciation is the
Accounting
Construction in Progress Journal Entries
Construction in Progress (CIP) is an account used to track the costs associated with the construction of assets that are
Accounting
Logistics Accounting Entries
Logistics accounting involves tracking and managing costs and revenues associated with the transportation, storage, and distribution of goods. Below are
Salary Entries
Journal Entry for Payroll Liabilities
Payroll liabilities refer to the amounts that a company owes to employees for work performed, as well as amounts owed
Payment Entries
Lease Payment Journal Entry
Credit card transactions in accounting involve recognizing both the revenue or expense and the corresponding receivable or payable related to
Accounting
Credit Card Accounting Entries
Credit card transactions in accounting involve recognizing both the revenue or expense and the corresponding receivable or payable related to
Accounting
ASC 842 Journal Entries
ASC 842 is the accounting standard for lease accounting issued by the Financial Accounting Standards Board (FASB). It provides guidelines
Inventory Entries
Inventory Accounting Entries
Inventory accounting involves tracking and recording the costs associated with inventory, from purchase to sale. Below are examples of common