debit cash
credit accounts receivable
Dr. Cash a/c
To Debtors a/c
debit the client account (debtor account) and credit the income account (bill amount)
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
no entry when invoices received, journal entry made when transaction occured and not when invoices 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.
Debit accounts receivableCredit sales revenue
debit the client account (debtor account) and credit the income account (bill amount)
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
no entry when invoices received, journal entry made when transaction occured and not when invoices 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.
Debit accounts receivableCredit sales revenue
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
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.
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
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.
if cash received then cash is debit while if cash is paid then cash is credit with other account towards which payment made or amount received.