This accounting tutorial looks into the journal entry required to correctly account for discount allowed; a common tool used to help business liquidity and solvency.
A warranty expense journal entry is created through the accounting for a warranty provision. As part of our accounting tutorial this article provides a full explanation with examples.
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.