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What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
What are the accounting journal entries to accrue a contingency payable?
Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
What is the journal entry to accrue bank fees?
Bank Fees DR. Normal Expesnes Accrual Account Cr.
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What would be journal entry to accrue the expenses?
Expences head a/c To, expences payble account
What is the journal entry for accrued use tax?
debit taxes expense and credit taxes payable
What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
What are the accounting journal entries to accrue a contingency payable?
Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
What is the journal entry to accrue bank fees?
Bank Fees DR. Normal Expesnes Accrual Account Cr.
I received 9755.75 in cash but my cash register total 9735.55 what is the journal entry?
Banks have taxes.
Where do you File warranties in bookeeping?
Companies must accrue estimated warranty expenses. The journal entry to accrue the expenses is a debit to warranty expense, and a credit to an accrued warranty liability account. When warranties are paid the debit is to the warranty liability account and the credit is to the cash or bank account.
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
