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If cash is received from debtors then accounts receivable will be credited otherwise to whom it is received will be credited.

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Q: How do you record loan proceeds using cash basis acctg Debit Cash and Credit what?
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Related questions

What are the different fields of accounting?

auditing acctg. budgetary acctg. management acctg. book keeping payroll financial acctg cost acct. tax acctg. gov. acctg.


Different fields of accounting?

auditing acctg. budgetary acctg. management acctg.acctg.book payroll financial acctg. cost tax acctg gov.acctg


What is acctg?

ACCTG is coming that is found in RNA and DNA. This is inside cells.


Abbreviation of accounting?

savingsaccount


What is journal entry for wages paid to raj?

Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of...Though I honestly never heard of a company paying a Salary in advance, the journal entry would be: Prepaid Salary (debit) $$$$ Cash (credit) $$$$ It would be like paying any other expense in advance,...


What is the adjusting entry for wages posted twice?

Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of... entry is wages expenses are credit and outstanding wages are credit.


What command could you use to change the owner to bob and the group owner to acctg for the file etc yearend?

This is accomplished via two different commands; the sequence would be: chown bob /etc/yearend chgrp acctg /etc/yearend


What is nucleotide sequence?

Acctg nucleotide is part of the body system. This is found in both RNA and DNA.


What nucleotide sequence ACCTG found in?

Yes, it's possible. The nitrogen bases found in DNA are adenine (A), guanine (G), thymine (T), and cytosine (C). However, the sequence ACCTG contains only one DNA codon, ACC, as codons are always a sequence of three nitrogen bases.


What is journal entry of outstanding wages?

Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of accounting, such wages must be accrued in the period earned regardless that they are paid in a subsequent period.