Invoice a/c .. dr To cash a/c
i received goods but not invoice so i have not actually paid for my goods? help
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
capital
i received goods but not invoice so i have not actually paid for my goods? help
[Debit] Tax paid [Credit] Cash / bank
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
capital
Debit cash / bankCredit paid in capital
The journal entry for salary paid to an employee typically involves debiting the Salary Expense account and crediting the Cash or Bank account. For example, if an employee is paid $3,000, the entry would be: Debit: Salary Expense $3,000 Credit: Cash/Bank $3,000 This reflects the expense incurred for employee compensation and the reduction of cash or bank balance.
To record advisory fees, the journal entry typically involves debiting an expense account and crediting a liability or cash account, depending on whether the fees are paid immediately or will be paid later. For example, if the advisory fees are paid in cash, the entry would be: Debit: Advisory Fees Expense Credit: Cash If the fees are to be paid later, the entry would be: Debit: Advisory Fees Expense Credit: Accounts Payable
Journal entry is as follows: [Debit] David A/c xxxx [Credit]Andrew A/c xxxx
Debit interest expenseCredit cash
Debit accounts payableCredit cash