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What entry is made when a payment is made to a creditor?
When a payment is made to a creditor, the following journal entry is recorded in the books of accounts
How do you made a journal entry for loan repayment schedule?
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
What is journal entry tp make order?
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
What entry is made when a payment is made to a creditor?
When a payment is made to a creditor, the following journal entry is recorded in the books of accounts
How do you made a journal entry for loan repayment schedule?
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
What is journal entry tp make order?
There is no entry required when order is placed instead of entry is made when goods received or payment made in advance.
Payment made out of drawing by owner what journal entry passed?
Debit drawings accountCredit cash
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
Journal entry for Invoice received but goods not received?
I believe the answer is as follows: If payment not made : No action If payment made : Dr Purchases Cr Bank Can someone verify this? Thanks!
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
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 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.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
