Journal Entry For Drawings For Personal Use
Journal Entry For Drawings For Personal Use is Debit the Drawings account which is a reduced Capital and credit the […]
Journal Entry For Drawings For Personal Use is Debit the Drawings account which is a reduced Capital and credit the […]
Loss on Sale of Fixed Assets Journal Entry is Cash account is Debit, Depreciation account is Debit, Loss on Sale
Outstanding Income Journal Entry is Outstanding Income account is debited because it represents the amount of revenue earned but not
Paid Commission Journal Entry is Commission Expense account is debited because it represents the expense incurred for paying the commission,
Paid Electricity Bill Journal Entry is Debit the electricity expense account and Payable Company or Cash/Bank Account Credit. Paying electricity
Dividend Declaration Journal Entry is Retained Earnings account is debited because it represents a reduction in the company’s retained profits
Bad Debt Written off Journal Entry is Bad Debt Expense account is debited because it represents the cost of the
Cash Purchases Journal Entry is Purchase account is debited because it represents an increase the expense To Cash account is
Interest Receivable Journal Entry is Interest Receivable account is debited because it represents the amount of interest that has been