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The journal entry to record director fees typically involves debiting an expense account and crediting a liability account. For example, if a company owes $1,000 in director fees, the entry would be: Debit "Director Fees Expense" for $1,000 and Credit "Accrued Liabilities" (or "Accounts Payable") for $1,000. This reflects the expense incurred and the obligation to pay the director. When the payment is made, the liability account would then be debited, and cash would be credited.
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What is the journal entry for revenue received from professional fees?
cash a/c debit fees a/c credit
What is the journal entry for advisory fees?
To record advisory fees, the journal entry typically involves debiting an expense account and crediting a liability or cash account, depending on whether the fees are paid immediately or will be paid later. For example, if the advisory fees are paid in cash, the entry would be: Debit: Advisory Fees Expense Credit: Cash If the fees are to be paid later, the entry would be: Debit: Advisory Fees Expense Credit: Accounts Payable
What is the journal entry of fees received?
Fees A/c Dr. To Cash A/c Cr.
What is the journal entry for fees earned?
Debit cash / bank / accounts receivableCredit fee income
Journal entry for revenue received from professional fees?
debit cashcredit professional fee revenue
If a company gives a director a loan of 15000 how do I record a general journal entry?
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
What is the accounting journal entry for directors fees?
DR DIRCTOR FEES CR Bank / ACCRUALS
What is the journal entry for revenue received from professional fees?
cash a/c debit fees a/c credit
What is the journal entry for advisory fees?
To record advisory fees, the journal entry typically involves debiting an expense account and crediting a liability or cash account, depending on whether the fees are paid immediately or will be paid later. For example, if the advisory fees are paid in cash, the entry would be: Debit: Advisory Fees Expense Credit: Cash If the fees are to be paid later, the entry would be: Debit: Advisory Fees Expense Credit: Accounts Payable
What is the journal entry of fees received?
Fees A/c Dr. To Cash A/c Cr.
What is the journal entry to record collected fees?
Debit cash / bankCredit fee income
What is the journal entry for fees earned?
Debit cash / bank / accounts receivableCredit fee income
Journal entry for revenue received from professional fees?
debit cashcredit professional fee revenue
What is the journal entry to accrue bank fees?
Bank Fees DR. Normal Expesnes Accrual Account Cr.
If a company gives a director a loan of 15000 how do I record a journal entry what accounts is involved?
[Debit] Loan to director 15000 [Credit] Cash / bank 15000
What is the journal entry to record franchise fees?
debit franchise feecredit 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.
