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Accounting for BAC Honoraria

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Accounting for BAC Honoraria

Post by icoffice on Fri Jan 29, 2016 1:20 pm

How is BAC Honoraria recorded in the books? Under what account? Thank you in advance.

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Re: Accounting for BAC Honoraria

Post by markshinoda on Fri Feb 05, 2016 1:46 pm

icoffice wrote:How is BAC Honoraria recorded in the books? Under what account? Thank you in advance.

Base in our accounting:

Debit: HONORARIA                  501020100         XXX
Credit: CASH IN BANK           10104040                      XXX

BAC HONORARIA Is recorded as expenses under the CHECK DISBURSEMENT JOURNAL.

I hope this can help. Very Happy
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Re: Accounting for BAC Honoraria

Post by icoffice on Fri Feb 05, 2016 5:48 pm

Thank you Sir! I will relay to Accounting for proper recording.

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