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What is the journal entry for cash paid in advance for travelling salesmen?
Wiki User
∙ 12y ago
Usually, a separate control account is set up for "advances". So cr bank, dr advances. Then when expenses are known, cr advances and dr appropriate p&l account
Wiki User
∙ 12y ago
Wiki User
∙ 9y agodebit prepaid expenses
credit cash
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What is the Journal entry for advance?
Debit advance paidCredit cash / bank
What is the journal entry for settlement of advance?
Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A
What is the journal entry of payment received in advance?
Debit advance cash receivedCredit unearned revenue
What is the journal entry for cash advance to employee's pay?
Debit advance salaryCredit cash / bank
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
What is the Journal entry for advance?
Debit advance paidCredit cash / bank
What is the journal entry for settlement of advance?
Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A
What is the journal entry of rent recieved in advance?
cash debit rent in advance credit
What is the journal entry in granting the travel in cash advance?
debit advance cashcredit cash / bank
What is the journal entry for cash advance to employee's pay?
Debit advance salaryCredit cash / bank
What is the journal entry of payment received in advance?
Debit advance cash receivedCredit unearned revenue
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
What is the journal entry for deferred revenue?
As it is a advance receipt the journal entry would be cash dr. to deferred revenue
How do you apply cash advance in journal entry?
debit advances accountcredit cash
What is the journal entry for advance received from X in the form of cheque?
Bank a/c DrTo Advance from the party A/c
What is the journal entry for Advance Salary paid to ram through Bank?
advance salary a/c dr to cash
What is the Journal entry for collected 770 in advance from a customer?
A cash advance received from customer journal entry is required when a business receives a cash payment from a customer in advance of delivering goods or services.
