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What journal entry is a down payment?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Debit down payment
Credit Cash

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∙ 11y ago

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What is the journal entry for down payment of cash?

[Debit] Down payment xxxx [Credit] cash xxxx

What is the journal entry to made a down payment of cash and issued note payable?

cash book

What is the journal entry for booking a car purchase?

Credit Bank or Accounts Payable, Debit Fixed Assets.

How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

What is an accrual journal entry?

Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.

Related Questions

What is the journal entry for down payment of cash?

[Debit] Down payment xxxx [Credit] cash xxxx

What is the journal entry to made a down payment of cash and issued note payable?

cash book

What is journal entry for expense payment?

what is the entry for an excess payment from customer

What is the journal entry for booking a car purchase?

Credit Bank or Accounts Payable, Debit Fixed Assets.

How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

What is an accrual journal entry?

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 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

What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank

Which journal entry records payment for supplies?

Debit supplies inventoryCredit cash / bank

What is the journal entry for payment which is not earned?

debit cash / bankcredit unearned revenue

What is journal entry for gratuity payment?

[Debit] Gratuity [Credit] Cash / bank

What is the journal entry for a payment on an account?

Debit cash / bankCredit accounts receivable

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