Prepare journal entry to record the transaction. Ensure to include a narration. Bought fish and sago for K25, as for a visiting employee from their Port Moresby

Answer 1

Certainly! Below is a journal entry to record the transaction of purchasing fish and sago for K25 for a visiting employee from Port Moresby.

Journal Entry:

Date: [Insert date of transaction]

| Account Title | Debit (K) | Credit (K) | |-----------------------|-----------|------------| | Employee Meals Expense | 25 | | | Cash/Bank | | 25 |

Narration: "Recorded the purchase of fish and sago for K25 for a visiting employee from Port Moresby."

Make sure to replace "[Insert date of transaction]" with the actual date of the transaction. If necessary, the account titles can also be adjusted according to your organization's chart of accounts.