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What is the journal entry for amount received for 50 percent sales?
Wiki User
∙ 9y ago
At the time of actual sales
[Debit] Accounts receivable (full amount)
[Credit] Sales revenue
When half amount received
[Debit] Cash / bank (half amount)
[Credit] Accounts receivable
Wiki User
∙ 9y ago
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Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What is an accrual journal entry?
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
What is an accrual journal entry?
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
Journal entry for applying a payment in receivable system?
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
What is the journal entry if i received 10000 as a interest income and 10 percent percent advance income tax paid?
debit cash 9000debit tax 1000credit interest income 10000
Commission received what is journal entry?
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
How do you record journal entry for cash?
if cash received then cash is debit while if cash is paid then cash is credit with other account towards which payment made or amount received.
What is the journal entry of discount received?
Dr cash/bank Cr discount received
What is journal entry for rend received?
[Debit] CashCredit Rent Received / Rent Revenue
