Monthly Archives: július 2023

What is a Journal Entry in Accounting? Format, Rules, Types, Examples

All of our content is based on objective analysis, and the opinions are our own. Let’s look at a payment of $1,000 with $800 going towards the loan balance and $200 being interest expense. When you make a payment on a loan, a portion goes towards the balance of the loan while the rest pays […]

What is a Journal Entry in Accounting? Format, Rules, Types, Examples

All of our content is based on objective analysis, and the opinions are our own. Let’s look at a payment of $1,000 with $800 going towards the loan balance and $200 being interest expense. When you make a payment on a loan, a portion goes towards the balance of the loan while the rest pays […]