XML_TO_JSON

<?php 
$myXMLData =
"<?xml version='1.0' encoding='UTF-8'?>
<myxml>
<entry>
    <string>actiontypedesc</string>
    <string>Registration of google1231.com for 1 year</string>
</entry>
<entry>
    <string>unutilisedsellingamount</string>
    <string>-1531.770</string>
</entry>
<entry>
    <string>sellingamount</string>
    <string>-1531.770</string>
</entry>
<entry>
    <string>entityid</string>
    <string>57928339</string>
</entry>
<entry>
    <string>actionstatus</string>
    <string>Success</string>
</entry>
</myxml>";

$json = json_decode(json_encode(simplexml_load_string($myXMLData)), true);
// json_encode() & json_decode() is to convert object to array
print '<pre>';
print_r($json);
print '</pre>';