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Debit exgratia paid
Credit cash / bank
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∙ 9y ago
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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.
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 is the opening journal entry for paid up capital?
capital
What is THE journal entry to record paid in capital?
Debit cash / bankCredit paid in capital
Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
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.
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.
Is Ex Gratia money taxable?
HiIt varies based on the context, usually exgratia is a mode of payment which is paid as favour. If it is paid towards kindness upon damage, loosing property etc it is non taxable.In case of Insurance companies this will be paid in few cases where the claim gets rejected.For employees :if company is paying Statutoryb bonus and exgratia then exgratia is taxable.If employee met with accident and got disablement or died and the exgratia paid is non taxable.Chills 'N' CheersKarthik Nayududestination4success@yahoo.co.in
What is the opening journal entry for paid up capital?
capital
What is THE journal entry to record paid in capital?
Debit cash / bankCredit paid in capital
What is the journal entry of paid to David on behalf of Andrew?
Journal entry is as follows: [Debit] David A/c xxxx [Credit]Andrew A/c xxxx
What is the journal entry of interest paid?
Debit interest expenseCredit cash
What is the journal entry for cash paid?
Debit accounts payableCredit cash
What is journal entry of paid salary?
debit salary expensecredit cash
What is the journal entry for rent paid by cheque?
Debit rentCredit bank
