Anonymous
Apr 7
A payment of TZS 96000 for an electricity bill had been entered in the cash book but the double entry had not been made. What is the journal entry for this statement?
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Apr 7
The journal entry for this statement would be:
Electricity Expense Dr 96,000
Accounts Payable Cr 96,000
This entry records the expense of TZS 96,000 for the electricity bill and the corresponding liability to pay the amount in the future.
Electricity Expense Dr 96,000
Accounts Payable Cr 96,000
This entry records the expense of TZS 96,000 for the electricity bill and the corresponding liability to pay the amount in the future.
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