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[Debit] Down payment xxxx

[Credit] cash xxxx

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โˆ™ 2014-07-20 15:02:42
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Which stage of disbursement accounting is also known as the accounts payable stage

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Q: What is the journal entry for down payment of cash?
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What journal entry is a down payment?

Debit down paymentCredit Cash


What is the journal entry to made a down payment of cash and issued note payable?

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What is the journal entry for purchase and made a down payment of cash and issued a note payable?

[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx


What is the journal entry for booking a car purchase?

Credit Bank or Accounts Payable, Debit Fixed Assets.


Use cash to pay down accounts payable account equation?

I'm not exactly sure what you are asking, the journal entry for a cash payment to pay down an account payable is as follows:Account Payable (debit) $$$$Cash (credit) $$$$Paying down an account payable is paying partial, so take for example you owe $1500 for a computer you purchased on account and you wish to pay $500 towards the balance. The Journal Entry would be.Account Payable (debit) $500Cash (credit) $500


When is Accounts receivable credited?

When you decrease your receivables. You take in cash on a loan payment... Cash is debitted. The corresponding action in double entry bookkeeping is to credit receivables. Cash went up, receivables went down by the same amount. When you decrease your receivables. You take in cash on a loan payment... Cash is debitted. The corresponding action in double entry bookkeeping is to credit receivables. Cash went up, receivables went down by the same amount.


How to record a journal entry in quickbooks?

In Company menu drop down there is Journal entry in list, through that you can record journal entries in quick books.


Why do finance companies ask for a down payment?

A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of the down payment received.


Which purpose is appropriate for a reader's response journal entry?

The purpose of a reader's response journal entry is to write down your feelings of what you read. If your teacher will be reading it, make sure the entry is appropriate for school.


Which purpose is appropriate for a readers response journal entry?

The purpose of a reader's response journal entry is to write down your feelings of what you read. If your teacher will be reading it, make sure the entry is appropriate for school.


How are installment loans calculated?

amount finaced=cash price - down payment


How installment loans are calculated?

amount finaced=cash price - down payment

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