Hi, My name is Janis. I would like to know I need to Journalize Transaction for May. I have a net income from April, do I enter the net income as my first transaction for May as cash debit and capital credit.
Thanks, Janis
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Hi, My name is Janis. I would like to know I need to Journalize Transaction for May. I have a net income from April, do I enter the net income as my first transaction for May as cash debit and capital credit.
Thanks, Janis
No you should not pass that journal entry but u can pass like thisQuote:
Originally Posted by dawkins4
Revenue a/c. dr
To capital credit
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