Category: Bookkeeping Basics

Purchase Transaction Journal Entries

The purchases transactions journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of purchase transactions.

In each case the journal entries show the debit and credit account together with a brief narrative.

11 Users of Accounting Information

Who are the users of management accounting information? The users of accounting information are numerous and varied and include managers, owners, and investors each of which uses the information for a different purpose.

Next Page »