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What entry can we post to Office Maintenance Account in accounting
What else can I help you with?
What is the difference between office supplies account and office supplies expense account?
Office supplies acct is an account that you book as payables and a offfice supplies expense account is a Liability Account on your Chart of accounts
What is office maintenance account?
What entry can we post to Office Maintenance Account in accounting
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
What account is affected in an account journal when you return office supplies that was bought on account?
Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.
How do you reactivate my office 365 by changing my account type of us business account to personal account?
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How do you journalize office supplies on account?
Debit office suppliesCredit Accounts Payable
What is office maintenance in accounting?
What entry can we post to Office Maintenance Account in accounting
How are salaries paid on behalf of the branch office accounted for in the home office ledger?
Debit the salary account and credit the branch cash account.
Can you get a loan paid into your post office account?
no
What is a nominal account?
Land and Buildings; and Office Machinery A nominal account is account for income and expenses e.g Rent and rates account or subscription account.
How do you journal entry office supplies on account?
Debit office suppliesCredit accounts payable
What account type is accounts payable?
Accounts payable is a liability account. When something is purchased on account it falls under this category such as purchasing $10,000 worth of office supplies on account. You would debit the office supplies account under assets and credit accounts payable under liabilities.
