cash a/c debit fees a/c credit
Fees A/c Dr. To Cash A/c Cr.
Debit cash / bank / accounts receivableCredit fee income
debit cashcredit professional fee revenue
Bank Fees DR. Normal Expesnes Accrual Account Cr.
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
DR DIRCTOR FEES CR Bank / ACCRUALS
cash a/c debit fees a/c credit
Fees A/c Dr. To Cash A/c Cr.
Debit cash / bankCredit fee income
Debit cash / bank / accounts receivableCredit fee income
debit cashcredit professional fee revenue
Bank Fees DR. Normal Expesnes Accrual Account Cr.
[Debit] Loan to director 15000 [Credit] Cash / bank 15000
debit franchise feecredit cash /bank
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
Dr Land & Property Cr Bank