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What is the general ledger journal entry to write off accounts receivale checks?
Wiki User
∙ 9y ago
Debit bad debts
Credit accounts receivable
Wiki User
∙ 9y ago
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How do you do journal entry of returned checks?
debit dishonored chequecredit accounts payable
What is the general ledger journal entry to write off accounts payable checks?
If you've made a payment on the vendor account which was previously incurred the entry would be: Debit: Accounts Payable; Credit: Cash If you're trying to write-off an unpaid accounts payable the entry would be: Debit: Accounts Payable; Credit: Expense Settlement Account (Contra-Expense account on the P&L that will flow through to Retained Earnings.
What is the general ledger journal entry to write stale checks?
You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.
Voided checks should be recorded in the journal?
no
What is the name of a person who checks accounts?
where is the aanswer
How do you do journal entry of returned checks?
debit dishonored chequecredit accounts payable
What is the general ledger journal entry to write off accounts payable checks?
If you've made a payment on the vendor account which was previously incurred the entry would be: Debit: Accounts Payable; Credit: Cash If you're trying to write-off an unpaid accounts payable the entry would be: Debit: Accounts Payable; Credit: Expense Settlement Account (Contra-Expense account on the P&L that will flow through to Retained Earnings.
What is the general ledger journal entry to write stale checks?
You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.
Voided checks should be recorded in the journal?
no
What is the name of a person who checks accounts?
where is the aanswer
What could be called as banking products?
Banks offer the following products to people: savings accounts, checking accounts (and the checks that go with them), money orders or bank drafts, electronic fund transfers, international currency conversions, traveller's checks, credit cards, loans, mortgages, retirement accounts, mutual funds accounts, and other specialized accounts.
Journal entry to write off old outstanding checks?
Debit bankCredit retained earnings
What checks the use of the UK's public money?
Public accounts committee (I think)
Journal entry to write off payroll outstanding checks?
Debit bank accountCredit retained earnings
Do they do credit checks for saving accounts and bank account?
Nope. All you need is cash.
Why does an accounts payable show up on your balance sheet when you have cut checks for those bills?
no
Can you write checks or use your debit card as long as you have them?
Only if the accounts are still active - and belong to you.
