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How do you pass entry for payment received from debtors in journal as well as in payment?
Wiki User
∙ 9y ago
debit cash / bank
credit accounts receivable
Wiki User
∙ 9y ago
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What is the journal entry of payment received from debtor after deducting tds?
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
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 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
What is the journal entry of cheque you received from your cliant as payment?
debit bankcredit accounts receivable
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
What is the journal entry of payment received from debtor after deducting tds?
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
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 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
What is the journal entry of cheque you received from your cliant as payment?
debit bankcredit accounts receivable
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
What is the journal entry for cheque received towards payment from customer?
Debit bankCredit accounts receivable
What is the journal entry of payment received in advance?
Debit advance cash receivedCredit unearned revenue
What is the journal entry for indemnity payment received?
debit cash / bankcredit indemnity income etc
What is journal entry tp make order?
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
What is journal entry for allowances to debtors?
[Debit] Allowance for debtors account [Credit] Accounts receivable account
What is the journal entry when payment is received for rent?
Rent Received Account Dr To Cash/ Bank
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
