Bank Fees DR.
Normal Expesnes Accrual Account Cr.
Debit cash / bank / accounts receivableCredit fee income
cash a/c debit fees a/c credit
Fees A/c Dr. To Cash A/c Cr.
debit cashcredit professional fee revenue
Debit: Deferred loan origination fees Credit: Interest income
DR DIRCTOR FEES CR Bank / ACCRUALS
Debit cash / bank / accounts receivableCredit fee income
debit franchise feecredit cash /bank
Dr Land & Property Cr Bank
cash a/c debit fees a/c credit
Fees A/c Dr. To Cash A/c Cr.
Debit cash / bankCredit fee income
debit cashcredit professional fee revenue
Debit: Deferred loan origination fees Credit: Interest income
12/31/07 Debit Professional Fees, Credit Accrued Expenses.
year end
what is the accounting entry for provision for audit fees