Question

Journal entry for paid donation

Answer 1

Donation a/c. Dr
To cash a/c
(Being donation paid)

Answer 2

The magazine manager can activate the payout section and specify the type of payment on the magazine management page. This section records the payment of the money to the members of the magazine as well as to the users and displays the users. By logging in to this page, users can also renew their subscription.

The finance section is divided into three parts: the Payment Type Settings section, the Payment Options section, and the Receiving and Payment Records section