Debit courier bill
Credit cash /bank
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
Debit electricity expensesCredit cash / bank
debit electricity billcredit bank
Debit accounts payableCredit cash / bank
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
The Courier-Journal was created in 1868.
Debit electricity expensesCredit cash / bank
debit electricity billcredit bank
Debit accounts payableCredit cash / bank
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
debit telephone expensescredit expenses payable
Entry of bill recievable is: Bill Recievable A/c dr. To debtor
Readers' Forum The Courier-Journal P.O. Box 740031 Louisville, KY 40201-7341
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
[Debit] Utility bill account xxxx [Credit] Cash / bank account xxxx
Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A