Usama Kadiwal - Journal Entry

Bank Charges Journal Entry

Bank charges journal entry is a Bank Charges Account Debit An expense account that records the fees deducted by the […]

Understanding Journal Entry for Tax Deducted at Source (TDS) Here is a TDS Journal Entry i.e Payable and Refundable. Tax

Cash in hand journal entry refers to the amount of cash a business physically possesses at any given time. Recording

Sales return journal entry is a Sales Returns Account Debit and Receivable/Party(Debtor) Account Credit. Sales returns occur when customers return

Cash deposited into bank journal entry is a Bank Account Debit because This increases the bank account balance, reflecting the

Purchase return journal entry is a Accounts Payable(Creditor) A/c Debit because This decreases the amount owed to the supplier and

Accounts payable journal entry is a Expense A/c Debit because this increase the expenses and Credit to Account payable because

Commission received journal entry is a Cash/Bank A/c Debit because This increases the cash or bank balance, reflecting the receipt

Depreciation journal entry is Debit to Depreciation Expense, This records the expense for the current accounting period, reducing the profit