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How do you record an accounting entry services rendered on cash?
Wiki User
∙ 9y ago
[Debit] Cash account
[Credit] Services revenue
Wiki User
∙ 9y ago
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What machine inspired the double entry accounting method?
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
Final record of entry in a business' accounting system?
invoice
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
What is the accounting journal entry to record payment to bondholders?
debit bond holderscredit cash
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
What machine inspired the double entry accounting method?
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
Final record of entry in a business' accounting system?
invoice
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
What is the accounting journal entry to record payment to bondholders?
debit bond holderscredit cash
What is the journal entry for shares of common stock issued for an amount worth of services rendered in organizing and chartering?
debit shares in companycredit services revenue
How do you record drawings in accounting?
Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.
What is the accounting journal entry to record membership subscription fee?
debit subscription feecredit cash
What is the accounting journal entry to record connection fee?
Debit connection expensesCredit cash / bank
What is the accounting journal entry to record settlement charges?
Debit settlement chargesCredit cash /bank
How do you record journals on Pastel Accounting programme?
You first go to setup & click on entry types tab then record your journals under description.
