Accountancy, asked by manasigurav30, 6 months ago

paid for insertion in directory what is journal entry​

Answers

Answered by ashamenon1975
1

Explanation:

The two common journal entry are-

Business uses accounts payable -

Debit Accounts Payable (needs to go against a particular vendor in the AP sub-ledger)

Credit Cash

2. Business charges payments directly to expenses

Debit Expenses (needs to go against particular accounts for rent, utilities, etc.)

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