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Debit Accounts Payable
Credit cash / bank
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Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
When an account is paid in full what entry needs to be recorded in the journal?
debit cash bankcredit accounts receivable
What is the journal entry for wages paid for installation of machinery?
[Debit] Machinery Asset [Credit] Cash Account
How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
What is the Journal entry of salary paid to employee?
The journal entry for salary paid to an employee typically involves debiting the Salary Expense account and crediting the Cash or Bank account. For example, if an employee is paid $3,000, the entry would be: Debit: Salary Expense $3,000 Credit: Cash/Bank $3,000 This reflects the expense incurred for employee compensation and the reduction of cash or bank balance.
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
When an account is paid in full what entry needs to be recorded in the journal?
debit cash bankcredit accounts receivable
What is the journal entry to increase paid up capital?
debit cash /bankcredit capital account
What is the journal entry for wages paid for installation of machinery?
[Debit] Machinery Asset [Credit] Cash Account
How do you make a journal entry paid business debt on account?
Debit debt accountCredit cash / bank
How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is journal entry of preliminary expenses?
preliminary expenses account debit to cash account (if the amount has been paid in cash)
What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
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.
