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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
To make an adjusting entry for the accrued commission is what?
Adjusting entry as follows: [Debit] Cash / bank [Credit] Accrued commission
Is a journal entry required on the date the board of directors officially approves a dividend?
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
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 entry of accrued traveling expenses?
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
To make an adjusting entry for the accrued commission is what?
Adjusting entry as follows: [Debit] Cash / bank [Credit] Accrued commission
Is a journal entry required on the date the board of directors officially approves a dividend?
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
Will pass general entry for proposed dividend?
yes we will pass entry for proposed dividend P&L Appropriation A/c Dr. To Proposed Dividend
What is the double entry for proposed dividend?
[Debit] Proposed dividend [Credit] Dividend payable
What is the accounting entry for Accrued Expense?
Dr. Accrued Expense Cr. Cash or Cash in bank
What is the journal entry to set up an accrued expense?
Debit accrued expensesCredit expenses payable
What is the journal entry for payment of accrued expense?
debit accrued expensescredit cash / bank
What is the journal entry for dividend issue?
[Debit] Dividend [Credit] Cash
