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The payment for the monthly rent will require the following entry?
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What does an amortization table show me?
An amortization table is a report of all pertinent information regarding a loan including the terms of the loan and a list of each calculated loan payment. Each loan payment entry could show:the amount of principal due as of this paymentamount of the paymentportion of payment used as interest (the amount of interest in this payment)portion of payment that reduces the principal for the next payment entry
What would the journal entry be for payment received for goods previously sold on credit?
debit cash / bankcredit accounts receivable
How long does unpaid phone bills stay on your credit report?
Negative credit information remains on a report 7 years from the last date of activity. In other words, the last date you made a payment. I recommend that you settle the debt with the stipulation that the negative entry is removed.
Conditions that prevent the entry of new firms in a monopoly market are?
Barriers to entry.
Describe the barriers to entry to a market and explain how they affect market structure?
Barriers to entry vary between markets. Some barriers to entry include money, governmental regulations and competitors. Most businesses will structure their businesses to exploit barriers to entry and make it hard for others entering to compete.
The journal entry to record the payment of a monthly utility bill would include?
A debit to capital and and a credit tocash
What is journal entry for expense payment?
what is the entry for an excess payment from customer
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
What is double entry bookkeeping for a hospital?
Double entry is a transaction in which the payment is established in two accounts instead of 1 as to single entry.
What is the entry for bill disconting dishonour?
The entry for a bill discounting to be dishonored is made when the drawee refuses to accept or make payment on the bill. It is dishonored by non-acceptance or non-payment.
What is the journal entry for down payment of cash?
[Debit] Down payment xxxx [Credit] cash xxxx
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
How can you pass entry for cash payment?
cash dr. to party.
Where you can entered drawing entry in Tally 9.0?
payment voucher
What is an accrual journal entry?
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
What is journal entry tp make order?
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
