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What is journal entry for gratuity payment?

Anonymous

∙ 11y ago

Updated: 4/28/2022

[Debit] Gratuity [Credit] Cash / bank

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∙ 11y ago

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How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

What is an accrual journal entry?

Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.

What journal entry is a down payment?

Debit down paymentCredit Cash

What is the accounting entry for provision for gratuity?

Gratuity a/c dr Provision for gratuity a/c

What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank

Related Questions

What is journal entry for expense payment?

what is the entry for an excess payment from customer

How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

What is an accrual journal entry?

Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.

What journal entry is a down payment?

Debit down paymentCredit Cash

What is the accounting entry for provision for gratuity?

Gratuity a/c dr Provision for gratuity a/c

What is the journal entry for down payment of cash?

[Debit] Down payment xxxx [Credit] cash xxxx

What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank

Which journal entry records payment for supplies?

Debit supplies inventoryCredit cash / bank

What is the journal entry for payment which is not earned?

debit cash / bankcredit unearned revenue

What is the journal entry for a payment on an account?

Debit cash / bankCredit accounts receivable

What is the journal entry payment to the vendor?

Debit accounts payableCredit cash /bank

What entry is made when a payment is made to a creditor?

When a payment is made to a creditor, the following journal entry is recorded in the books of accounts

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