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Cash (debit)
Income or Revenue (credit)
A check is considered cash in accounting and is recorded as such as it is easily converted to cash (or deposited)
Wiki User
∙ 14y ago
Wiki User
∙ 9y agodebit bank
credit sales revenue
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What is a good word to start a jounal entry?
Dear Journal
What will be the journal entry for good lost by fire How?
debit loss by firecredit goods inventory
When is it necessary to include vendor name in an accounts payable entry in a journal?
It is good practice to always include the vendor name in the journal entries. Journal entries are the books of "origin". When transaction occur the transaction is then recorded in the journal, at a later date or time, the entries are then added to the Ledger where each account for the company has a separate account.Adding the vendor name to the journal entry can assure that the proper account is debited or credited when the entry is recorded in the ledger.
What are the accounting journal entries to record income?
If receiving cash from a good or service, the journal entry will be something like the following.Cash (debit)Revenue or Income (credit)If you supply a good or service and the customers is going to pay at a later date, less than a year the journal entry will be similar to the following.Account Receivable (debit)Revenue or Income (credit)
What is journal entry in purchase good in eligible of tax credit?
debit goodscredit cashtax credit has nothing to do with actual purchase of goods.
Can a journal entry have 2 paragraphs?
Yes, it is common for journal entries to have multiple paragraphs to separate different thoughts, events, or reflections. Breaking up the entry into paragraphs can help organize the content and make it easier to read and understand.
Is the navy fedeal credit union check you received from Steve holloman good?
I too have received a check from this man. I do not think it to be real. You know what they say, if its to good to be true .... it probably is!!!!!
How do you get on robot wars?
a good place to start would be building a robot, then check the website and such for entry forms
What is a good opinion journal on politics?
A good opinion journal on politics is The Wall Street Journal. The Wall Street Journal includes opinion sections on politics, economy, business and social issues.
What are some basic data entry jobs available?
Check out the site www.offlinetypistjobs.com/ there are many listings for basic data entry jobs in North America. Hopefully there is one in your area. Good Luck!
What will be entry for good will?
A good entry for good will would be maybe some canned goods or juice.
Can anyone telme about journal publishing field is good or bad?
The journal publishing field is a good field as it will be able to bring you good income.
