A purchase journal is a specialized accounting journal used to record all credit purchases of goods or services made by a business. It typically includes inform
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Accounts Payable



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What is the journal entry in purchasing software?

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The journal entry for purchasing software involves debiting the software asset account to reflect the cost of the software and crediting the cash or accounts pa
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Diaries and Journals



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When a company uses special journals the general journal is used for selected transactions and events including?

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When a company uses special journals, the general journal is used for selected transactions and events that do not fit into any of the specific categories of th
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Diaries and Journals



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Journal entry for outstanding expenses?

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Today, I recorded outstanding expenses in our journal to reflect costs that have been incurred but not yet paid for. This helps us accurately track our financia
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Business Accounting and Bookkeeping



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What would the journal entry be to accrue for 2007 accounting expenses that won't be received until 2008?

Asked by Wiki User



Debit an expense account for the amount of the expenses incurred in 2007 to recognize the expense. Credit an accrued liabilities softvcc.com - Approved Clickbooth Account For Sale to reflect the amount o
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Business Accounting and Bookkeeping



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What are the uses of a journal in accounting?

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Accounting journals are used to record financial transactions in chronological order. They serve as a detailed record of all financial transactions, making it e
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Computer Worms



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How does the binary number system help us in everyday business?

Asked by Waltvictor



1 and 0 stands in for both of these states. Binary numerals are composed of the numbers 1 and 0. Different data are represented by these numbers. The number sys
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Business Finance



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What is global payments process?

Asked by Wiki User



They are companies that deal with all types of global payment processing.