Journal - Journal Entry

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 […]

Expense Payable Journal Entry is Debit the specific expense account and credit the expense payable account. An expense payable is

Journal Entry For Drawings For Personal Use is Debit the Drawings account which is a reduced Capital and credit the

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

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

Journal Entry For Outstanding Expenses is Expense account is debited because it represents the cost incurred during the period To