--%>
Assignment Help - homework help

What do you mean by the term Entry

What do you mean by the term Entry in Accountancy?

E

Expert

Verified

Entry means you are permitted to come in the specific place. Similar meanings in accounting, we state, “Please pass the entry of this transaction." It signifies that please permit this transaction to enter in the books of company.

Therefore entry means to record the transaction in journal by debiting one account and crediting another account.

   Related Questions in Financial Accounting

  • Q : Advantage of Historical Cost in

    What is the advantage of Historical Cost in Decision Making?

    		•
  • Q : Abatement The process of allocating the

    The process of allocating the arrears of estate assets to the distributions. Distributions from the estate proceed in a particular order starting with specific legacies, effusive legacies, general legacies, and finally residuary legacies. If legacies assets are not capable to meet the will's prov

    		•
  • Q : Procedure of bringing new international

    Describe the procedure of bringing the new international bond issue to the market.

    		•
  • Q : Conglomerate expansion Evaluate the

    Evaluate the given statement: “Firm may decrease its currency exposure by diversifying across the different business lines”.

    		•
  • Q : Financial report Details of Assignment

    Details of Assignment : You are required to form a team (group) of 3 to 4 m embers. Let your lecturer know the names of your team members. Select a set o f financial statements for a group of companies and obtain approval from your le cturer for the group of companies that you have selected.

    		•
  • Q : Modigliani-Miller equation In

    In Modigliani-Miller equation, why is market value of the levered firm is more than the market value of an equivalent unlevered firm?

    		•
  • Q : Find the expected dividend for each of

    Suppose a firm's common stock paid a dividend of $1.75 yesterday. You expect the dividend to grow at the rate of 8% per year for the next 3 years, if you buy the stock, you plan to hold it for 3 years and then sell it.

    Q : Operation of currency forward and

    Describe basic differences between operation of a currency forward market and a futures market.

    		•
  • Q : Non-tradable asset Assume there is

    Assume there is non-tradable asset along with the perfect positive correlation with a portfolio T of the tradable assets.  How will non-tradable asset be priced?

    		•
  • Q : Characteristics of Floating-rate notes

    State the characteristics of the Floating-rate notes (FRNs) bond market instrument.

    		•