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A purchase of supplies for cash is recorded in the?
cash payment journal
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
3 situations in which a cash payment would not involve recognition of an expense?
Purchase of a fixed asset. Payment of a liability, loan or other debt. Payment of a dividend.
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
A purchase of supplies for cash is recorded in the?
cash payment journal
What is the Journal entry for purchase of asset by advance payment?
Debit advance payment for assetCredit cash / bank
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
The purchase of a truck with a down payment was recorded as a pure cash purchase this error would cause?
Liabilities were underrated
Are you accepting used car cash only as payment for the vehicle?
Yes, we are only accepting cash for the purchase of the used car.
Are money orders considered cash when making a purchase?
Money orders are not considered cash when making a purchase. They are a form of payment that is similar to a check, but are prepaid and guaranteed by the issuer.
What is the portion of a home purchase price paid in cash and is not part of the mortgage?
down payment
What is the portion of a homes purchase price paid in cash and is not part of the mortgage?
down payment
3 situations in which a cash payment would not involve recognition of an expense?
Purchase of a fixed asset. Payment of a liability, loan or other debt. Payment of a dividend.
Which payment services are offered by the PayDayOk website?
Payment services for the PayDay Ok website include Direct deposit, and cash. These loans are usually given out as soon as a day after they are approved.
What is the portion of a home's purchase price paid in cash and is not part of the mortgage loan?
down payment
What is the portion of the homes purchase price paid in cash and is not part of the mortgage loan?
down payment
