This accounting tutorial covers the journal entry for creditable withholding tax, in particular looking at an example from the Philippines.
Tag: journal entries
Paid Trade Expenses Journal Entry – Your Comprehensive Guide
This article, as part of our accounting tutorial series, looks at what journal entry is made when a trade expenses are paid.
Over the last few weeks, we have been focusing on accounting tutorials around balance day adjustments, particularly accrued revenue. As part of that, we looked at unbilled rental income. And it's...
Revenue is the inflow of economic benefits as a result of past events. Accounting for revenue is critical in financial reporting. Our article works through the journal entries and accounting equation...
The first and the most important accounting lesson relates to the double entry system. It is vital to build the foundations and understand how the double entry systems works, what are the rules that...