what is a journal entry of paid trade expenses
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Answered by
98
In accounting, a Journal entry is logging of a transaction into accounting journal items. It is a summary consisting of all the debit and credit details made from the account.
The Journal entry for trade expenses that are paid in cash are written as –
Trade Expenses A/c. Dr.
To Cash A/c.
For example, if Rs. 500 is paid as trade expense, then the entry will be –
Trade Expenses A/c. Dr. Rs. 500/-
To Cash A/c. Rs. 500/-
Answered by
24
Answer:
Trade expenses A/C Dr 5,000
To cash A/C 5,000
Explanation:
For example paid trade expenses 5,000
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