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In which journal is the receipt of a promissory note from a customer on account recorded?
Wiki User
∙ 12y ago
The General Journal.
Wiki User
∙ 12y ago
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In which journal is the return of supplies purchased on account recorded?
General Journal
Which transaction is normally recorded in a special journal?
Purchases on account
Why are there two account titles in the amount column of the purchases journal?
There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.
What is the journal entry to write off customer accounts?
You would credit the customer account and debit bad debt.
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
Where do you record an dishonoured cheaque in the jourals?
An dishonored cheque is typically recorded in the journal by debiting the bank account and crediting accounts receivable or the customer's account. This reflects the reversal of the payment that was previously recorded when the cheque was received.
In which journal is the return of supplies purchased on account recorded?
General Journal
Which transaction is normally recorded in a special journal?
Purchases on account
Why are there two account titles in the amount of the purchases journal?
There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.
Why are there two account titles in the amount column of the purchases journal?
There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.
What is the journal entry to write off customer accounts?
You would credit the customer account and debit bad debt.
What is the journal entry for receiving money from customers on account?
debit cashcredit accounts receivable
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
What journal entry when customer pays account?
[Debit] cash / bank [credit] accounts receivable
What journal entry happens when customer pays account?
Debit cash / bankCredit accounts receivable
What is the journal entry for when a customer pays their account?
[Debit] cash / bank [credit] accounts receivable
A sales return for credit on account would be recorded in what type of journal?
General Journal Sales Returns and Allowances - A company with sales returns and allowances can record them in the General Journal.
