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Related Questions
What journal entry is needed to debit for bank service charges?
[Debit] Bank service charges [Credit] Bank account
What is the journal entry for bank services charges?
[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
What is the accounting journal entry to record settlement charges?
Debit settlement chargesCredit cash /bank
What is journal entry of electricity charges?
Debit electricity chargesCredit cash /bank / accounts payable
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What is the journal entry for withdrawal from bank?
Debit cashCredit bank
What will be the journal entry when interest allowed by the bank?
interest allowed by bank
What is journal entry of paid into bank?
bank a/c to cash a/c
What is the journal entry if bank pay the amount to vendor on behalf of the company?
No entry at the time of payment by bank and entry is recorded when bank reconciliation with bank and information arrive from bank.
When goods are shipped FOB destination and the seller pays the transportation charges what journal entry does the buyer make?
Journal entry in the books of the buyer: [Debit] Goods Purchased xxxx [Credit] Cash/bank xxxx As buyer has not paid the freight charges, he will only record the transaction with original goods purchased amount.
What is the journal entry for withdrew capital from bank?
Debit owner capitalCredit bank
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
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