i received goods but not invoice so i have not actually paid for my goods? help
Debit goods receivedCredit accounts payable
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
i received goods but not invoice so i have not actually paid for my goods? help
Debit goods receivedCredit accounts payable
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
no entry when invoices received, journal entry made when transaction occured and not when invoices 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.
debit cash / bankcredit accounts receivable
The journal entry is the accounting entry which lists the goods that are bought on credit.
Debit goods purchasesCredit cash / bank
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
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.
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!