I found one thread on the internet that mentioned adding the bank item as an expense to a sales tax expense account and then a journal entry to deduct from the liabilities account. To me this doesn't make sense either because unless they are all matc...
Quick Tip: You need to enter a vendor name in the Customer: Job column when you create a journal entry or write a check that uses sales tax payable account. Negative sales tax payable on the cash basis Balance Sheet report Details: Your cash basis Balance Sheet shows a negative amount for...
Reports on the United States Congress' repeal of the Internal Revenue Code Section 1031 which allows the installment method of recognizing gain on sales of properties. Background on the Revenue Act of 1926; Tax break repeal's implications for the real estate business.Friedman...
SubledgerJournalAccountEntryTmpSummary Table [AX 2012] SubledgerJournalEntry Table [AX 2012] SubledgerJournalEntryExt_CN Table [AX 2012] SubledgerJournalEntryTmpTransferID Table [AX 2012] SubledgerJournalErrorLog Table [AX 2012] SubLedgerJournalTransferNumberSeqTmp Table [AX 2012] SubledgerJournalTra...
What journal entry is used to close the Income Summary account?Which of the following accounts decreases with a debit? A. Accounts Receivable B. Notes Payable C. Rent Expense D. CashThe income summary account has a $25,...
Accounting entries (GL Entry) for a typical double entry “Sale”: When booking a sale (accrual): Debit:Customer (grand total) Credit:Income (net total, minus taxes for each Item) Credit:Taxes (liabilities to be paid to the government) ...
modified the record. datetime loyalty journal subtype id ssot__id__c a unique id used as primary key for the loyalty journal subtype dmo. text loyalty journal type id ssot__loyaltyjournaltypeid__c a reference id to loyalty program journal type, for example accrual, redemption, and...
Journal batch number The journal number for the transaction. Origin The origin of the selected tax transaction: Sales tax, such as sales tax on purchase orders, sales orders, or journals. Sales tax payment, such as the settlement of sales tax. Cash discount, such as from the use of a cas...
RebateAccrualProcessingJournalNameIdFirst included in: SalesAndMarketing/SalesRebateParametersEntity (this entity)Properties展開資料表 NameValue dataFormat string isNullable trueTraitsList of traits for the RebateAccrualProcessingJournalNameId attribute are listed below. is.da...
Merchandise with a sale price of $7,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a A. Debit to Sales Discount for $140; B. Debit to Accounts Receiva What is the normal balance in the cost of goods sold account - debit or ...