account

What is the journal entry for paid lenders on account?

What is the journal entry for paid lenders on account? The matching entry, the debit, is to lenders. When...

1 min read

Is carriage outwards debit or credit in earnings and loss account?

Is carriage outwards debit or credit in earnings and loss account? Debit/Credit Side: The entries about the freight inwards...

3 min read

When an account ends up being uncollectible and must be crossed out uncollectable bill expenditure should be credited?

When an account ends up being uncollectible and must be crossed out uncollectable bill expenditure should be credited? Concern:...

2 min read

Is materials account debit or credit?

Is materials account debit or credit? When it comes to workplace materials, if the materials acquired are unimportant and...

1 min read

What is the significance of credited to your account?

What is the significance of credited to your account? Credited to your account suggests quantity has actually been transferred...

1 min read