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View Full Version : How do you record building permit receipt into journal entry?


jenjen110
May 22, 2015, 08:43 AM
This building permit receipt is for plumbing. Do I DR permit expense CR cash (or chequing)?

paraclete
May 22, 2015, 03:46 PM
Sounds like a plan

jerileycpa
Jun 1, 2015, 04:11 PM
To provide a little more clarity, if you used cash to pay for the permit, then yes, you would credit cash. But if you used a check, then you would credit your checking account. FYI, if you are using accounting software, then you should have used the check writing feature and not a journal entry.