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What is accounting entry for fine deductions from salary?
Debit salary expenseCredit cash (balance figure)Credit fine deduction
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
What is the journal entry for accrued payroll?
debit to payroll expense credit to accured payroll
Is a refund a debit or credit in accounting?
debit
What is the abbreviation for the word Debit in accounting?
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
What is accounting entry for fine deductions from salary?
Debit salary expenseCredit cash (balance figure)Credit fine deduction
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
What is the journal entry for accrued payroll?
debit to payroll expense credit to accured payroll
Is a refund a debit or credit in accounting?
debit
What is the abbreviation for the word Debit in accounting?
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
Is an investment a credit or a debit in accounting?
credit
What is the recording entry of payroll?
Debit payroll expense credit cash account
What are accounting rules called?
The accounting rules are called the 'golden rules of accounting' ie debit what comes in and credit wht goes out debit the receiver and credit the giver debit all expenses and loss and credit all incomes and gains.
How do you pass the journal entries for salary deductions?
[Debit] Salaries Expense [Credit] Salaries payable (balancing amount) [Credit] Deductions
Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
Why is cash a credit in accounting?
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
