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What is the journal entry to record collected fees?
Debit cash / bankCredit fee income
What is the accounting journal entry to record connection fee?
Debit connection expensesCredit cash / bank
What is the accounting journal entry to record membership subscription fee?
debit subscription feecredit cash
What is journal entry for management fee?
Debit management feeCredit cash / bank
What is the journal entry for school fee received from Krishna in cash?
debit cashcredit krishna
What is the accounting journal entry to record loan fees amortized?
Debit: Deferred loan origination fees Credit: Interest income
What is the journal entry for 'Received Fee Income in cash'?
[Debit] Cash / bank [Credit] Fee income
What is the journal entry for fees earned?
Debit cash / bank / accounts receivableCredit fee income
Journal entry for revenue received from professional fees?
debit cashcredit professional fee revenue
What is the accounting journal entry to record audit fees with VAT?
To record audit fees with VAT, you would make the following journal entry: Debit the "Audit Fees Expense" account for the net fee amount, debit the "VAT Input Tax" account for the VAT amount, and credit the "Accounts Payable" or "Cash" account for the total amount (audit fee plus VAT). For example, if the audit fee is $1,000 and VAT is $200, the entry would be: Debit Audit Fees Expense $1,000, Debit VAT Input Tax $200, and Credit Accounts Payable $1,200.
What is an annual retainer fee?
An annual retainer fee is the cost for a commitment to have services available if they become needed. The annual retainer fee typically refers to legal services. Charges for work done is in addition to the retainer.
How do you treat journal entry for website services fee paid?
debit website services expensecredit cash / bank
