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What is the journal entry for prepaid expense when cash is not paid?
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
What is the journal entry of prepaid rent?
1. [Debit] Prepaid Rent xxxx [Credit] Cash xxxx
How do you pass journal entry for prepaid rent?
Prepaid rent A/c Dr To, Rent A/C
What will be the journal entry for unexpired rent?
debit unexpired rentcredit prepaid rent
What is the journal entry for prepaid expense when cash is not paid?
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
What is the journal entry of advance to vendor?
Prepaid Expenses $XXX.XX ________Cash___________ $XX.XX
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
What is the journal entry for unused travel expenses paid in advance?
you would label it as a prepaid expense. Debit -prepaid travel expense credit- cash
Journal entry of prepaid expenses?
these are those expenses which have been paid in advance. it means that these expenses,though not related to the current year,have been included in the expenses of current year. so in order to show a true and fair view,we have to deduct such prepaid expenses from the original expenditure as they are belonging to the next year. the entry is (for example) prepaid insurance dr to insurance a/c cr
What is the journal entry of prepaid rent?
1. [Debit] Prepaid Rent xxxx [Credit] Cash xxxx
How do you pass journal entry for prepaid rent?
Prepaid rent A/c Dr To, Rent A/C
What is the journal entries of advance fore expenses?
debit prepaid expensescredit cash
What is Outstanding expenses journal entry?
Debit outstanding expensesCredit expenses payable
What will be the journal entry for unexpired rent?
debit unexpired rentcredit prepaid rent
What is the journal entry for medical expense?
Debit prepaid expensesCredit cash / bank
What is the journal entry that are paid on behalf the expenses not belong to company expenses?
There is no general entry for those expenses which are not belongs to company's normal operating business activities and no entry required.
