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debit goods / inventory
credit Accounts Payable

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Q: What is journal entry for when goods are received?
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Related questions

What is the journal entry if goods received but invoice is not received?

i received goods but not invoice so i have not actually paid for my goods? help


What is the journal entry for goods received?

Debit goods receivedCredit accounts payable


What will be the journal entry if the invoice is received from supplier?

There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.


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.


Is a journal entry made on invoices received?

no entry when invoices received, journal entry made when transaction occured and not when invoices received.


What is the journal entry for bill received?

There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.


What would the journal entry be for payment received for goods previously sold on credit?

debit cash / bankcredit accounts receivable


What is the accounting entries when goods are bought on credit?

The journal entry is the accounting entry which lists the goods that are bought on credit.


What is journal entry for purshase of goods?

Debit goods purchasesCredit cash / bank


How do you write Journal entry for equipment rent to somebody?

There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.


What wil be the journal entry of dividend received and reinvested?

If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.


Journal entry for Invoice received but goods not received?

I believe the answer is as follows: If payment not made : No action If payment made : Dr Purchases Cr Bank Can someone verify this? Thanks!