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Prepaid Expenses $XXX.XX ________Cash___________ $XX.XX
Wiki User
∙ 15y ago
Wiki User
∙ 9y agodebit vendor advances
credit cash
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What are the types of journal entry?
1 - General journal entry2 - Adjusting journal entry3 - Month end adjusting entry
Summary of -doctors journal entry by vikram seth?
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Why do you need to reverse a journal entry?
According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period
What is as journal entry?
Journal entry is the first record in books of accounts which shows any business transaction that occurred in past and it is also called "original entry" which provides basis for all other reports and statements.
What is another name for the general journal in accounting?
the information is entered in the general journal, which is called the book of original entry.
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
When is it necessary to include vendor name in an accounts payable entry in a journal?
It is good practice to always include the vendor name in the journal entries. Journal entries are the books of "origin". When transaction occur the transaction is then recorded in the journal, at a later date or time, the entries are then added to the Ledger where each account for the company has a separate account.Adding the vendor name to the journal entry can assure that the proper account is debited or credited when the entry is recorded in the ledger.
What is the journal entry payment to the vendor?
Debit accounts payableCredit cash /bank
What is the journal entry of rent recieved in advance?
cash debit rent in advance credit
Journal entry for Payment of credit purchase by a Cheque?
BY VENDOR Dr TO BANK Cr
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
