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#MemberIssueNo_140: How to record/journalize Sale of Bidding Documents?
hi po,, ask ko lang po how do you journalize bidding fee paid by suppliers.. let say there is a construction project and bidders are required to pay bidding fee to participate..
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Debit cash collecting credit other service income
Shiela Grace Guipetacio Cuas – Roiles unsay atong entry she? Other service income ba?
We are sharing with you these journal entries sent to us by Rizzele Grace Seco.
same here.
Dr Cash collecting officer, Cr Other Income.
Same here other payable…
May specific guidelines po ba regarding dito?
meaning debit cash credit other payable..the reason po ba na other payable sya is because payable sya sa mga BAC Honoraria and other expenses related sa BAC?..if we are going to pay BAC honoraria the entry is??