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What is the journal entry for interest income?
If you actually received the cash then the entry would be Cash Interest Revenue if you haven't yet received cash and are recognizing the interest income.. Interest Receivable Interest Revenue
What is the journal entry for indemnity payment received?
debit cash / bankcredit indemnity income etc
Journal entry for rent received in advance?
Cash A/C Dr To Rent Received in Advance A/C
Commission received what is journal entry?
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
What is the journal entry when payment is received for rent?
Rent Received Account Dr To Cash/ Bank
What is the journal entry for interest income?
If you actually received the cash then the entry would be Cash Interest Revenue if you haven't yet received cash and are recognizing the interest income.. Interest Receivable Interest Revenue
How do you pass journal entry of income for which contract has made income will be received in future in installments basis?
Income will only be recorded when it will received an no entry on contract.Entry at time of received:[Debit] cash / bank[credit] income
What is the journal entry for indemnity payment received?
debit cash / bankcredit indemnity income etc
Income received in advance journal entry?
income recived a/c dr to unearned income
Journal entry for rent received in advance?
Cash A/C Dr To Rent Received in Advance A/C
Commission received what is journal entry?
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
What is the journal entry when payment is received for rent?
Rent Received Account Dr To Cash/ Bank
What is the journal entry of fees received?
Fees A/c Dr. To Cash A/c Cr.
Billing a customer for work done journal entry?
Debit Receivables Credit Income/Sales when cash is received: Debit Cash Credit Receivables
How should I create a journal entry to record an income tax refund?
To create a journal entry for recording an income tax refund, debit the cash account for the amount of the refund received and credit the income tax refund account. This will accurately reflect the increase in cash and the corresponding decrease in the income tax refund liability.
What is the journal entry of received rent?
Basic entries are as follows: Debit Bank Cash Book account with the Cash amount received Credit Rental Income account with Cash amount received
What is the journal entry for collection of other income?
Debit cash / bankCredit other income
