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Debit
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∙ 10y ago
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Is cash in the bank debit or credit?
Cash you have deposited into a bank is credit Money to be paid back later is debit
Cash sales of 2600 was credited into the bank?
[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600
What is the journal entry for 'Received Fee Income in cash'?
[Debit] Cash / bank [Credit] Fee income
What are some journal entries?
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
What is the double entry for sale?
Cash/Bank/Accounts Receivable [Debit] Sales[Credit]
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
What is the journal entry for Payment to builders for new building?
[Debit] Building account [Credit] Cash / bank
What entry of outstanding salary paid?
[Debit] Accrued salary payable [Credit] Cash / bank
What is is the journal entry for cash in hand?
debit cash credit bank
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
What is the journal entry for cash withdraw?
You write a cash withdrawal as follows: debit cash ; credit bank.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
