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Heres an example of a journal entry: If a company buys office space on lease, they will pay the rent every year, and a journal entry will be recorded for these transactions whenever they occur. The company will debit the rent expense account and credit the cash account to record the journal entry.
What is the purpose of a journal entry?
Entry of judgment is a final recording of the decision and opinion , if the court made one. When the entry is complete depends on the jurisdiction, but the entry usually either occurs after the decision is inserted into the docket or sent to a specified official.
What is a journal entry in law?
Journal Entry/Order Any paper the judge signs. Types: 1) Setting a date or time for a hearing to happen. 2) An opinion by a judge or final ruling in a case. Judgment A finding the courts that orders one party to pay another an amount of money or take some other action.
What does journal entry mean in court?
Each journal entry contains the data docHub to a single business transaction, including the date, the amount to be credited and debited, a brief description of the transaction and the accounts affected. Depending on the company, it may list affected subsidiaries, tax details and other information.
What is a good example of journal entry?
Create a journal entry Select + New. Select Journal entry. On the first line, select an account from the Account field. On the next line, select the other account youre moving money to or from. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other.
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What does hearing journal entry mean?
Journal Entry This is a document filed both in a criminal case and a civil case. It is simply an order of the court. If a court rules on a legal issue the lawyers will draft a journal entry to memorialize the findings of the court by filing a journal entry.
Related links
General Ledger Accounting and Financial Reporting System
Dec 20, 2004 Once a journal entry has been entered into the system and has passed validation checks (either in CDAS, the GL Interface Table or on an Oracle.
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