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What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the debtor journal entry?
Debit accounts receivableCredit sales revenue
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.
What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the debtor journal entry?
Debit accounts receivableCredit sales revenue
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.
What is the journal entry of payment received from debtor after deducting tds?
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
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.
Journal entry for applying a payment in receivable system?
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
What information should be included in a journal entry for a tax refund?
A journal entry for a tax refund should include the amount of the refund received, the date it was received, and the account it is being deposited into. It should also note any relevant tax codes or references for tracking purposes.
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.
