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Debit cash / bank / accounts receivable
Credit fee income

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10y ago

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What is the accounting journal entry for directors fees?

DR DIRCTOR FEES CR Bank / ACCRUALS


What is the journal entry for revenue received from professional fees?

cash a/c debit fees a/c credit


What is the journal entry of fees received?

Fees A/c Dr. To Cash A/c Cr.


What is the journal entry to record collected fees?

Debit cash / bankCredit fee income


What is the journal entry for payment which is not earned?

debit cash / bankcredit unearned revenue


What is the journal entry for earned discount?

[Debit] Cash[Credit] Discount earning


Journal entry for revenue received from professional fees?

debit cashcredit professional fee revenue


What is the journal entry for interest earned on a checking account?

Debit cash / bankCredit interest income


What is the journal entry for investment revenue of 6000 was earned and received?

debit cashcredit interest on investment


What is the journal entry to accrue bank fees?

Bank Fees DR. Normal Expesnes Accrual Account Cr.


What is the director fees journal entry?

The journal entry to record director fees typically involves debiting an expense account and crediting a liability account. For example, if a company owes $1,000 in director fees, the entry would be: Debit "Director Fees Expense" for $1,000 and Credit "Accrued Liabilities" (or "Accounts Payable") for $1,000. This reflects the expense incurred and the obligation to pay the director. When the payment is made, the liability account would then be debited, and cash would be credited.


What is the journal entry to record franchise fees?

debit franchise feecredit cash /bank

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