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    ineedhelpbadly's Avatar
    ineedhelpbadly Posts: 2, Reputation: 1
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    #1

    Sep 22, 2010, 10:43 PM
    When you say BILLED in accounting what is the entry?
    Here is the problem :

    -Billed DLSU professors 15,000 for the processing of their travel papers.
    And the other is
    -Arranged a pilgrim trip for DLSU prof. Billed PAL 10,000 as a commission.

    What is the entry in a general journal? And what is the credit and debit?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 22, 2010, 11:26 PM

    "Billed" means that they did not pay you at the time you did the work, so you sent them a bill for the amount that is due. It means Accounts Receivable, which is a debit account.
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