what is the journal entry for Statutory expenses paid by cash
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For the debits: I would use the date on the receipt and debit the expense account for the expense. For example, office supplies. In the Description area, I would enter the method of payment (cash, credit card, etc), and also the last four digits of the credit or debit card if one was used.
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Expenses include anything payroll-related that you paid during the accounting period.
Because they are paid amounts, you increase the expense account. Expenses increase with debits. Debit the wages, salaries, and company payroll taxes you paid.
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