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    P Eugene's Avatar
    P Eugene Posts: 6, Reputation: 1
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    #1

    Oct 12, 2008, 09:05 PM
    AP Journal Entires - accrual accounting and cash accounting
    What are the journal entries for accrual accounting and cash accounting for an invoice and a payment?
    ashley568's Avatar
    ashley568 Posts: 34, Reputation: 3
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    #2

    Oct 12, 2008, 10:59 PM

    There is no entry for the cash accounting for the invoice. The payment would be
    Cash- debit
    Sales- credit

    The accrual is for the invoice
    AR-debit
    Sales-cerdit

    Payment:
    Cash- Debit
    AR- credit
    MF Controller's Avatar
    MF Controller Posts: 25, Reputation: 2
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    #3

    Oct 22, 2008, 10:01 AM

    The entry should be A/P (accounts payable) not A/R (accounts receivable) if this is an invoice that is being paid.
    praveen.bdvt's Avatar
    praveen.bdvt Posts: 2, Reputation: 1
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    #4

    Dec 9, 2011, 12:10 PM
    Purchases a/c Dr(a)
    To GR/IR a/c(b)

    GR/IR a/c Dr(c)
    To Vendor a/c (d)

    Vendor a/c Dr (e)
    To Bank a/c (f)

    B and c will get knock off, d and e will get knock off and in the final entry will be

    Final enty
    Purchases a/c
    To Bank a/c
    Pfc Nichols 44's Avatar
    Pfc Nichols 44 Posts: 2, Reputation: 1
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    #5

    Jun 23, 2012, 08:56 AM
    Firm had sales of 525,000 in the year 2001, by 2012 sales increased to 1200000 what was the average rate of increase
    Pfc Nichols 44's Avatar
    Pfc Nichols 44 Posts: 2, Reputation: 1
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    #6

    Jun 23, 2012, 08:59 AM
    I paid 250 a month into 401k after 30 years I accumulated 500000 what is the annual interest earned over thirty years?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #7

    Jun 23, 2012, 03:37 PM
    What I see is a heap of rubbish which I am not going to correct
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