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What is the journal entry to record letter of credit?

Anonymous

∙ 12y ago

Updated: 9/13/2023

I received letter of credit from my customer how i have to enter my entries

Wiki User

∙ 12y ago

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Continue Learning about Accounting

How do you record depreciation in a journal entry?

[Debit] Depreciation Account [Credit] Assets Account

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

debit cashcredit accounts receivable

How do you record a journal entry for donatiOn received?

[Debit] Cash [Credit] Donation

How do you record journal entry of SALE land on credit?

debit accounts receivablecredit land account

What is the journal entry to record an accrued exp?

debit: expense account credit: account payable (vendor)

Related Questions

You record the debit entry for transaction a 5 1 in the journal as?

You record he credit entry for transaction (a) 5/1 in the journal as

How do you record a journal entry in QuickBooks?

To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.

How do you record depreciation in a journal entry?

[Debit] Depreciation Account [Credit] Assets Account

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

debit cashcredit accounts receivable

How do record journal entry when the inventory is thrown away?

There are various ways to record a journal entry when the inventory is thrown away. The standard entry is to debit the cost of goods sold and credit the allowance for the obsolete inventory.?æ

How do you record a journal entry for donatiOn received?

[Debit] Cash [Credit] Donation

How do you record journal entry of SALE land on credit?

debit accounts receivablecredit land account

How do you make Journal entry for recording Letter of Credit goods?

L/C related all journal entries

Why you post journal entry?

Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.

What is the journal entry to record an accrued exp?

debit: expense account credit: account payable (vendor)

How do you record adjusting journal entry for credit sale?

Type your answer here... party a/c Dr. to sales

You record the debit entry for transaction A 51 in the journal as?

When recording a debit entry into a journal you must always list the debit first. The credit needs to be second and should always be indented.

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