View Insurance General Journal Entry PNG. (being the insurance claim rcvd.) the second case where you receive a part of the claim, say inr 8000 what is the correct journal entry of this transaction, amount previously written off as bad debt rs 1000 now recovered? There are generally three steps to making a journal entry.
Journal entries are the first step in the accounting cycle and are used to record all business transactions and events in the accounting system. 1,321 likes · 6 talking about this. (jgil) for lkr 16.4 billion (€85.9 million, or approximately us$106.3 million).
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Receive payment from a customer for services that will be provided over the next six months. First, the business transaction has to be identified. 1,321 likes · 6 talking about this. That's why it is also called the original book of entries or chronological book or.