journal entries Training course incurred for staff a new outlet rm 200,000
Journal Entry:
Date: [Date]
Account Name Debit Credit
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Training Expense 200,000
Cash/Accounts Payable 200,000
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Being the training expenses incurred for staff at a new outlet, as per invoice [Invoice Number], for RM 200,000.
Explanation:
- The training expense account is debited to recognize the expenses incurred for the training course.
- Cash or accounts payable account is credited, depending on whether the payment is made immediately or will be paid at a later date.
Note: It is advisable to consult with a professional accountant or financial advisor for accurate and specific financial record keeping.