debit accrued expenses
credit cash / bank
Accrued expense will be debited and cash or Bank will be credited.
Debit Accrued Interest Expense Credit Accrued Interest Payable
Debit accrued expensesCredit expenses payable
basic salary 21967 / salary of September
[debit] Interest expense [credit]interest payable
debit: expense account credit: account payable (vendor)
Debit Accrued Interest Expense Credit Accrued Interest Payable
Debit accrued expensesCredit expenses payable
Payable Account XXX Expense Account XXX
basic salary 21967 / salary of September
[debit] Interest expense [credit]interest payable
what is the entry for an excess payment from customer
Though I have never heard the term "accrued vacation expense" nor have I ever heard of a "vacation" being a business expense, however, the journal entry would be handled like most "payables". So if your company uses the account of Accrued Vacation Expense, the journal entry should be something like....Vacation Expense (debit) $XXXAccrued Vacation Expense (credit) $XXXOnce the amount is paid, a debit would be recorded in the Accrued Vacation Expense account and a credit to Cash, to remove it from the books and note that the debt (or expense) has been met.
debit accrued expensescredit expense payable
debit taxes expense and credit taxes payable
debit: expense account credit: account payable (vendor)
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
Dr. Accrued Expense Cr. Cash or Cash in bank