Question

fees earned and billed to customer in journel entry​

Answer 1

Answer:

cash a/c......dr

To billed customer a/c

Answer 2

Answer:

Cash Acc (Debit)     xxx

   To Customer's name(Credit)   xxx

(Being fees earned and billed to the customer)

Explanation:

Journal Entry:

• A journal entry is an act of recording any transaction, whether one is commercial or not.
• An accounting diary that displays the debit and credit balances of a corporation lists transactions.
• Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
• The amount of the debits and credits must be equal in order for the journal entry to be declared balanced.
• Depreciation or bond amortization are examples of recurring items that can be recorded in journal entries.
• Accounts payable normally has its own sub-ledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software.
• As a result, general ledger account balances are changed immediately by journal entries.
• The accurate date, the amount(s) that will be debited, the amount that will be credited, the description of the transaction, and a specific reference number are all included in a fully documented journal entry.

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