Bills Receivable and Bills Payable Journal Entry
Bills Receivable and Bills Payable Journal Entry is For bills receivable, debit the bills receivable account and credit the accounts […]
Payable, Receivable
Cash
Cash Withdrawal Journal Entry
Cash Withdrawal Journal Entry is Debit the appropriate account (Cash, Drawings, Petty Cash) and credit the bank account. Cash withdrawal
Receivable
Commission Receivable Journal Entry
Commission Receivable Journal Entry is Debit the commission receivable account and credit the commission income account. Commission receivable refers to
Payable
Commission Payable Journal Entry
Commission Payable Journal Entry is Debit the commission expense account and credit the commission payable account. Commission payable refers to
Compound
Compound Journal Entry
A compound journal entry involves more than two accounts. These entries are used to record transactions that affect multiple accounts,
Bookkeeping
Credit Note and Debit Note Journal Entry
Credit Note and Debit Note Journal Entry For a credit note, debit the sales returns and allowances account and credit
Reversing
Credit Note Journal Entry
Credit Note Journal Entry is Debit the sales returns and allowances account and credit the accounts receivable(Debtor Party) account. A
Revenue
Deferred Revenue Expenditure Journal Entry
Deferred revenue expenditure Journal Entry refers to expenses that are incurred in one accounting period but are expected to benefit
Payable
Expense Payable Journal Entry
Expense Payable Journal Entry is Debit the specific expense account and credit the expense payable account. An expense payable is