If paying right now:
Debit Employee Reimbursement Expense
Credit Cash
If recording to pay at a later date:
Debit Employee Reimbursement Expense
Credit Accounts Payable (to the employee)
what is the disadvantages of general journal
Salary expense
The journal entry is the accounting entry which lists the goods that are bought on credit.
To get a letter of credit journal entries you must write to the accounting department. It is important to include the reason for the letter, so that you can get the information you request.
The accounting journal entries for penalties and interest on taxes will go in the debit and credit columns. You debit the expense account and credit the liability account until the penalties and interest is paid.
what is the disadvantages of general journal
. 1. Based on the bank reconciliation prepare the journal entries.. Alaine Alvarez consulting July 31
Salary expense
closing entries
closing entries
closing entries
Adjusting entries are journal entries which are normally made to allocate income or expenditure to the accounting period in which they actually occured.
debit basketballcredit cash
debit assetcredit donations
Search Google thoroughly....
To record a journal entry, an individual would typically initiate it. Journal entries are used to document financial transactions in accounting, so they are typically made by the company's accounting or finance team members in accordance with accounting principles and guidelines.
The journal entry is the accounting entry which lists the goods that are bought on credit.