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income received in advance
income a/c dr
To income received in advance A/C
so i think here
cash ac dr
to cash received in advance i am not sure better check with some experts
income received in adv is a liability and shown on liabilityu side in balance sheet.
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∙ 14y ago
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What is the journal entry of payment received in advance?
Debit advance cash receivedCredit unearned revenue
Journal entry for rent received in advance?
Cash A/C Dr To Rent Received in Advance A/C
What is the Journal entry for advance?
Debit advance paidCredit cash / bank
What is the journal entry for cash advance to employee's pay?
Debit advance salaryCredit cash / bank
How do you apply cash advance in journal entry?
debit advances accountcredit cash
What is the journal entry of payment received in advance?
Debit advance cash receivedCredit unearned revenue
Journal entry for rent received in advance?
Cash A/C Dr To Rent Received in Advance A/C
What is the Journal entry for collected 770 in advance from a customer?
A cash advance received from customer journal entry is required when a business receives a cash payment from a customer in advance of delivering goods or services.
What is the Journal entry for advance?
Debit advance paidCredit cash / bank
What is the journal entry in granting the travel in cash advance?
debit advance cashcredit cash / bank
What is the journal entry for cash advance to employee's pay?
Debit advance salaryCredit cash / bank
How do you apply cash advance in journal entry?
debit advances accountcredit cash
What is the journal entry of rent recieved in advance?
cash debit rent in advance credit
What will journal entry of received R's 4000 as advance from a and sold goods to R's 6000 to a?
debit advance cash 4000credit A 4000debit a 6000credit sales revenue 6000
What is the journal entry of Advance received from debtors?
Debtors are those customers who purchase goods from company on credit so no advance can be issued by debtors. on the other hand advance can be received from customers and accounting entry is as follows: [Debit] Cash / bank [Credit] Unearned revenue
Income received in advance journal entry?
income recived a/c dr to unearned income
What is the journal entry of cash received?
debit cash receivedcredit accounts receivable
