Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

How do you apply cash advance in journal entry?

Updated: 9/21/2023

Wiki User

∙ 10y ago

Best Answer

debit advances account
credit cash

Wiki User

∙ 10y ago

This answer is:

Add your answer:

Earn +20 pts

Q: How do you apply cash advance in journal entry?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

What is the journal entry for cash advance to employee's pay?

Debit advance salaryCredit cash / bank

What is the journal entry of payment received in advance?

Debit advance cash receivedCredit unearned revenue

What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank

What is the journal entry for Advance Medical Expense?

Debit prepaid expensesCredit cash / bank

Related questions

What is the Journal entry for advance?

Debit advance paidCredit cash / bank

What is the journal entry in granting the travel in cash advance?

debit advance cashcredit cash / bank

What is the journal entry for cash advance to employee's pay?

Debit advance salaryCredit cash / bank

What is the journal entry of rent recieved in advance?

cash debit rent in advance credit

What is the journal entry of payment received in advance?

Debit advance cash receivedCredit unearned revenue

What is the Journal entry for collected 770 in advance from a customer?

A cash advance received from customer journal entry is required when a business receives a cash payment from a customer in advance of delivering goods or services.

What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank

What is the journal entry for cash paying to a staff as advance?

[Debit] Staff Advances [Credit] Cash / bank

What is the journal entry of insurance paid in advance?

debit prepaid insurancecredit cash / bank

What is the journal entry for Advance Medical Expense?

Debit prepaid expensesCredit cash / bank

What is the journal entry of rent paid in advance?

Debit prepaid rent and credit cash.

What is the journal entry for Advance Salary paid to ram through Bank?

advance salary a/c dr to cash

Trending Questions

Has anyone from nebraska received their state refund yet and if so how long did it take to get it? To what city does aba 063000021 of wachovia bank correspond to? Which option describes 'Invoice.xlsx' the best? What is theJournal Entry for goods lost in transit? Will there be stimulus payments in 2009? How to record bad debt recovered in sales ledger control account? Can a person claim up to three kids for income tax? Difference between provision and accrual? How is a typical corporate it department organised? Is marketable securities consider a assets or liabilities? Cash in hand journal entry? In which state should you file a chapter 11 bankruptcy? What does payment terms of Net 45 days mean? By using the Internet your company can obtain discounts through what type of invoices if any at all? Why are product costs also called inventoriable costs? What is Cashed back Bank draft? Deduct an Office Space? What is the difference between family budgets and personal budgets? Sample letter Regarding opening joint account? What does CAVDI mean in box 14 of a W-2 Tax form?

Still have questions?

imp

Previously Viewed

How do you apply cash advance in journal entry?

Unanswered Questions

What is a periodic table? Who offers the best automation testing course in Noida? What are some foods that can help boost a child's immunity? How to record video lecture? How important is sleep for a child's growth? What role does nutrition play in a child's health? How to Find the Best PCD Pharma Franchise in India? If you could invent something to make daily life easier, what would it be and how would it help?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.