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What is the journal entry of an advertising bill received but not paid Then later a partial payment is made?
Wiki User
∙ 9y ago
When bill received:
[Debit] Advertisement expense
[Credit] Expenses payable
When partial payment
[Debit] Expenses payable
[credit] Cash / bank
Wiki User
∙ 9y ago
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debit cash / bankcredit accounts receivable
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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!
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issued check for newspaper advertising for $200
How do you pass entry for payment received from debtors in journal as well as in payment?
debit cash / bankcredit accounts receivable
What is the journal entry of cheque you received from your cliant as payment?
debit bankcredit accounts receivable
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!
What is the journal entry for cheque received towards payment from customer?
Debit bankCredit accounts receivable
What is the journal entry of payment received in advance?
Debit advance cash receivedCredit unearned revenue
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Rent Received Account Dr To Cash/ Bank
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Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
What are payment terms of AWB BL?
Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.
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debit cash / bankcredit accounts receivable
