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What is the journal entry for receipt from consultation service was rs 8250?

Updated: 4/28/2022

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∙ 9y ago

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debit cash / bank 8250
credit consultation service revenue 8250

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Continue Learning about Accounting

How do you record in journal entry the receipt of cash from credit?

debit cashcredit accounts receivable

What is the journal entry for providing service on account?

debit accounts receivablecredit services revenue

What is the journal entry for performing service on account?

debit accounts receivablecredit services revenue

What is the journal for deferred income?

There are two sides to the entry, upon cash receipt you debit cash, credit deferred income. To apply the deferred income, the entry is debit deferred income and credit revenue.

What journal entry is needed to debit for bank service charges?

[Debit] Bank service charges [Credit] Bank account

Related questions

What is the journal entry for deferred revenue?

As it is a advance receipt the journal entry would be cash dr. to deferred revenue

How do you record in journal entry the receipt of cash from credit?

debit cashcredit accounts receivable

What is the journal entry for recording a utilities receipt?

Debit utility expensesCredit cash /bank

How do you record a journal entry for a service cost?

debit services costcredit cash

What is the journal entry for providing service on account?

debit accounts receivablecredit services revenue

What is the journal entry for performing service on account?

debit accounts receivablecredit services revenue

What is the journal for deferred income?

There are two sides to the entry, upon cash receipt you debit cash, credit deferred income. To apply the deferred income, the entry is debit deferred income and credit revenue.

What is a compound journal entry?

Compound journal entry is that entry which records more than one business transaction in one single journal entry.

What journal entry is needed to debit for bank service charges?

[Debit] Bank service charges [Credit] Bank account

What is the journal entry for the sale of any service?

debit accounts receivable / cashcredit services revenue

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.

What is journal entry for accrued service revenue?

debit accounts receivableCredit services revenue

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