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debit Accounts Payable
credit bank
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What is the journal entry for giving 10 cheques as rent?
debit Rent expensescredit bank
What is the journal entry for check deposited to bank?
DR. Bank (specifying the bank account name) CR. Cheques Under Collection
What will be the journal entry for supplies issued?
Debit supplies expensesCredit supplies inventory
What are the journal entries for post dated cheques issued?
When a post-dated cheque is issued, the company records it as a liability until the date on the cheque. The journal entry to record the issuance of a post-dated cheque involves crediting the bank account (decreasing cash) and debiting a liability account such as "Post-Dated Cheques Payable." On the date the cheque is cashed, the company will reverse the initial entry by debiting "Post-Dated Cheques Payable" and crediting the bank account. This ensures accurate tracking of outstanding liabilities and cash flow.
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for giving 10 cheques as rent?
debit Rent expensescredit bank
What is the journal entry for postdated cheques paid as rent in advance?
Debit prepaid rentCredit bank
What is the journal entry for check deposited to bank?
DR. Bank (specifying the bank account name) CR. Cheques Under Collection
What will be the journal entry for supplies issued?
Debit supplies expensesCredit supplies inventory
What are the journal entries for post dated cheques issued?
When a post-dated cheque is issued, the company records it as a liability until the date on the cheque. The journal entry to record the issuance of a post-dated cheque involves crediting the bank account (decreasing cash) and debiting a liability account such as "Post-Dated Cheques Payable." On the date the cheque is cashed, the company will reverse the initial entry by debiting "Post-Dated Cheques Payable" and crediting the bank account. This ensures accurate tracking of outstanding liabilities and cash flow.
What is the journal entry when post dated cheque issued to supplier?
debit accounts payablecredit bank
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for redemption of debentures which were issued at discount?
debit redemption of debentures accountcredit cash / bank
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
Popular TV Game show Kaun Banega Crorepati the prize money is issued on the cheques of which bank?
ISSUED ON THE AXIS BANK CHEQUES
What is the journal entry for par value issued to shareholders?
debit cash / bankcredit shares in share capital account
When a bond issued at face value is retired what is the journal entry?
When a bond issued at face value is retired, the journal entry involves debiting the Bonds Payable account for the face value of the bond and crediting the Cash account for the same amount. The entry reflects the payment of the bond's principal amount to the bondholders. If there are no premiums or discounts involved, this is a straightforward transaction, as no gain or loss is recorded. The journal entry would look like this: Debit: Bonds Payable Credit: Cash
