In other cases, one department will make a purchase, for example supplies expense, which will be shared among several others. The appropriate journal entry for this ... Chart of Accounts - the account ...

One financial accounting method businesses use is the payroll journal entry. Payroll journal entries ... Did You Know? When recording payroll, you should debit your expense accounts and credit your ...

Purpose: To introduce the Account ChartField, explain the different levels and categories of accounts, discuss the debit and credit convention associated with accounts, and outline a method for ...