The issue of trade discount and cash discount (received and allowed) can cause some confusion in accounting, in particular with what journal entry to apply. Today’s short accounting tutorial will … Read More
This accounting tutorial covers an example journal entry when dealing with manufacturing overhead and accounts payable.
As part of our accounting tutorial series, this article looks at the journal entry required for insurance premium paid in advance. We provide an example with all the debits and credits.
In this article, we answer a question from a reader who asked, “what is the journal entry that records a dividend received or collected as cash into their bank account”. … Read More
This accounting tutorial covers the journal entry for creditable withholding tax, in particular looking at an example from the Philippines.
This article, as part of our accounting tutorial series, looks at what journal entry is made when a trade expenses are paid.
Our latest accounting tutorial covers the accounting for provisions under IAS 37, with journal entries and detailed guidance.