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Dr cash/bank
Cr discount received
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∙ 11y ago
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Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What will be the journal entry of this transaction. Discount received from a customer for Rs200 enterd in bank column of cash book errornously?
Debit - Discount received 200 Credit -customers account 200
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
How do you pass journal entry for discount allowed?
Debit cash / bankCredit discount allowed
What is the journal entry for this paid pporter 48650 by cheque the firm also received a 2000.00 cash discount from porter?
debit bank 48650debit cash discount 2000Credit porter 50650
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What will be the journal entry of this transaction. Discount received from a customer for Rs200 enterd in bank column of cash book errornously?
Debit - Discount received 200 Credit -customers account 200
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is the journal entry for earned discount?
[Debit] Cash[Credit] Discount earning
What is the journal entry for credit purchase discount?
Purchase A/c Dr . Dis. Received A/c dr to Supplier A/c cr
How do you pass journal entry for discount allowed?
Debit cash / bankCredit discount allowed
What is the journal entry for this paid pporter 48650 by cheque the firm also received a 2000.00 cash discount from porter?
debit bank 48650debit cash discount 2000Credit porter 50650
What is the journal entry of cash received from swati in full settlement?
CASH A/C DR DISCOUNT A/C DR TO SWATHI A/
What is the journal entry for a cash purchase with discount?
Debit purchasesCredit cash / bankno entry for trade discount and in case of cash discount:Debit purchasesCredit cash / bankcredit discount
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What is the journal entry to discount notes payable?
debit cashdebit discount chargescredit notes payable account
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
