So let's say during 2013, $100 was used for other expenses.
How would I write a journal entry for that and what account is involved?
Is it cash and "other expenses"?
Would it look like this?
Account DR Cr
Other Expenses 100
Cash 100
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So let's say during 2013, $100 was used for other expenses.
How would I write a journal entry for that and what account is involved?
Is it cash and "other expenses"?
Would it look like this?
Account DR Cr
Other Expenses 100
Cash 100
Yes.
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