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Dr. Credit card amount XYZ
Cr. Bank Account amount XYZ
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Journal entry for Payment of credit purchase by a Cheque?
BY VENDOR Dr TO BANK Cr
What is journal entry passed on payment by cheque to vendor?
[Debit] Accounts payable xxxx [Credit] bank account xxxx
What is an entry for bounced cheque?
Bounced cheque entry is the reversal of original entry of cheque deposit as follows: [Debit] Cash account [Credit] Bank account
What is the journal entry of cheque you received from your cliant as payment?
debit bankcredit accounts receivable
What is the journal entry payment of electricity bill by cheque?
debit electricity billcredit bank
What is the journal entry for cheque received towards payment from customer?
Debit bankCredit accounts receivable
What is the journal entries of cheque cancellation?
Party a/c.... Dr Bank a/c.....Cr If we issue a cheque we would have passed an entry (debit the receiver/firm & credit the bank) that entry should be reversed (debit bank & credit the firm).
When a cheque receive from a and dicount allowed at same day then entry will be?
Debit discount allowed and credit purcahses
What is the journal entry for cheque of another bank deposited to bank?
[Debit] Bank account [Credit] Cash account
What is the journal entry for down payment of cash?
[Debit] Down payment xxxx [Credit] cash xxxx
What is the journal entry for cheque received is it the same with cash received?
debit the bank or cash and credit the supplier or the party from whom we received the cheque or cash
What is journal entry for gratuity payment?
[Debit] Gratuity [Credit] Cash / bank
