A journal entry to record revenue could include each of the following, except:A.A credit to a Revenue accountB.A credit to the Owner’s Capital account.C.A debit to Cash accountD.A debit to Accounts Receivable.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题
D.A debit to Accounts Receivabl E. 答案 查看答案 更多“A journal entry to record revenue could include each of the following, except: ().”相关的问题 第1题 A.The ledger is correct.B.A journal entry is not posted.C.An error or errors have been ...
To Interest Revenue A/c $1,000 (Entry to record accrual of the interest revenue at the end of each month) Entry is to be passed at the end of every year for billing interest Date Particulars Debit Credit 01.05.2020 Account receivable (S) A/c $ 12,000 To Accrued revenue A/c ...
From Journal Entry, Reports, & Inquiries (G0911), choose Journal Entry Subledgers provide a more detailed record of accounting activity. You can use subledgers in addition to the regular account numbers (business unit.object.subsidiary). To enter subledgers quickly, use the special format prov...
Cr: Sales revenue 3. Sell receivables to another business (把 receivables 卖给别的公司) Dr: Cash Dr: Financing expense Cr: Accounts receivables/note receivables Inventory and cost of goods sold Journal Entry ➢Closing entries to record COGS – Periodic method ...
The purpose of accounts receivable is to record revenue that has been earned but not yet received. When a company provides goods or services on credit, it records the transaction as revenue because it has earned the money, even though it has not yet received payment. This allows companies to...
Compound EntryWhen there are more than two lines of entry in a journal, it’s known as compound entry. This is often used to record several transactions at once or enter details of complex transactions such as payroll that involves a number of deductions and tax liabilities, and hence, ...
Journal entry to record credit note issued to a customer- Account NameDebitCredit RevenueXXX Accounts ReceivableXXX Example of Accounts Receivable Here we have explained accounts receivable with an example. ABC company sold goods worth $50,000 on credit to CDE company. Here is the accounts receivab...
An accrued expense journal entry is a year-end adjustment to record expenses that were incurred in the current year but weren’t actually paid until the next year. The matching principle dictates that all revenue and expenses need to be matched according to the year they were earned and incurr...
The general journal entry to record this transaction is: Explanation: General Journal Debit Credit Cash $10,000 Unearned revenue $10,000 We debit...Become a member and unlock all Study Answers Start today. Try it now Create an ac...