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What is the journal entry to record unpaid bonuses to officers?
debit bonus expensecredit unpaid bonus payable
What is the correct journal entry of receiving a company bonus?
Debit bonusCredit cash / bank
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 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 to record unpaid bonuses to officers?
debit bonus expensecredit unpaid bonus payable
What is the correct journal entry of receiving a company bonus?
Debit bonusCredit cash / bank
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
What is the journal entry to record employee bonus?
Example : A Bonus to Declan of 10% on total sales above $200,000. Question - Record Declan's bonus on total sales of $240,000. 31/03/08 Bonus - Declan 4000Dr Current Account - Declan 4000Cr
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.
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 to charge-off a loan?
journal entry to write off a loan
What is journal entry in accounts?
recording of business transaction in chronological order is a journal entry
What are the types of journal entry?
1 - General journal entry2 - Adjusting journal entry3 - Month end adjusting entry
