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Debit accounts receivable
Credit sales revenue
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What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
What is the journal entry when cash collected from debtor is used to pay creditors but should have been deposited at bank?
debit accounts payablecredit accounts receivable
What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
Bill recievable and bill payable journal entries?
Entry of bill recievable is: Bill Recievable A/c dr. To debtor
What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
Bad debts journal entry?
Bad debt a/c ........Dr To Debtor a/c
How do you pass journal entry of salary payable?
salary account debtor to salary outstanding account
What is the journal entry payment after cutting tds?
Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.
What is the journal entry when cash collected from debtor is used to pay creditors but should have been deposited at bank?
debit accounts payablecredit accounts receivable
Bill recievable and bill payable journal entries?
Entry of bill recievable is: Bill Recievable A/c dr. To debtor
What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is the journal entry of payment received from debtor after deducting tds?
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
