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What is the Journal entry for outstanding rent paid?
outstanding rent
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
What is the journal entry for net income?
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
What is journal entry of outstanding expenses?
Outstanding expenses are those which are yet to be paid in current financial year. Journal entry would be Expenses a/c dr to Outstanding expenses a/c Outstanding expenses should be crecdited because its a liability for the company.
What is Outstanding expenses journal entry?
Debit outstanding expensesCredit expenses payable
What is the Journal entry for outstanding rent paid?
outstanding rent
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
What is the journal entry for net income?
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
What is journal entry of outstanding expenses?
Outstanding expenses are those which are yet to be paid in current financial year. Journal entry would be Expenses a/c dr to Outstanding expenses a/c Outstanding expenses should be crecdited because its a liability for the company.
What is the Entry for outstanding income?
The entry for outstanding income involves recognizing income that has been earned but not yet received. This is typically recorded by debiting an "Outstanding Income" or "Accrued Income" account and crediting the relevant income account. This ensures that the income is reflected in the financial statements for the period in which it was earned, adhering to the accrual basis of accounting.
Journal entry for accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What is the journal entry accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What is the Journal entry for outstanding rent?
debit rent expensecredit rent payable
What is the journal entry for collection of other income?
Debit cash / bankCredit other income
What is journal entry of outstanding rent?
outstanding rent account dabit to Mr ashwin
