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...
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.
A short article in our accounting tutorial series looking at the journal entry when a dividend is collected as cash to a bank account.
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.