answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the creditors allowances journal?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Creditor Allowance Journal's source document?

what is the reason businesses record into creditors allowances journal


Examples of creditors ledger and a creditors journal?

creditors journal


A sales return for credit on account would be recorded in what type of journal?

General Journal Sales Returns and Allowances - A company with sales returns and allowances can record them in the General Journal.


What is the journal entry for sundry creditors?

Debit expensesCredit sundry creditors


What is the journal entry for sales returns and allowances?

Debit: Sales Returns & Allowances Credit: Accounts Receivable :)


How can pass sundry creditors journal entry?

Purchases A/c -Dr 5000 To Sundry Creditors 5000


What is creditors journal?

is a book of first entry in which credit sales invoices are recorded


What journal entry we make when proprietor paid to creditors from his personal account?

Sundry creditors a/c dr to proprietors personal a/c cr


What is journal entry for allowances to debtors?

[Debit] Allowance for debtors account [Credit] Accounts receivable account


What entries are posted to the cash payment journal and not the general journal?

Are the payment for cash(people who came and buy for cash ) Any entry can be posted into the general journal. It is really messy and long to post the stuff in the sales, sales returns and allowances, purchases and purchases returns and allowances jounal into the general jounal so those journals are created to make things easier. So basically, any entries that are posted to the cash payments journal can be posted to the general journal.


What is the journal entries when cheque issued to creditors?

debit accounts payablecredit bank account


Journal entry for credit purchase?

[Debit] Purchases[Credit] Accounts payable