general ledger entry

jgap1212 · #1 Sep 5, 2006, 01:23 PM

The transaction is: Pays Green Jacket Co. on account. What 2 ledgers would i use?

RickJ · Sep 5, 2006, 03:53 PM

This is the basics: Expense and Cash.

You debit the expense category for the type of expense and Credit (decrease) cash.

Is that what you're asking?

dxviii · Sep 5, 2006, 04:33 PM

Cash is Credited and your Accounts Payable is Debited.

CaptainForest · Sep 5, 2006, 06:56 PM

dxviii is correct.

Dr. Accounts Payable
Cr. Cash

shahid ali · Sep 7, 2008, 05:21 AM

sir i want to learn how to post voucher in cash book then in j ledger thanks

ladyb3d · Sep 7, 2008, 07:31 AM

credit cash and debit accounts payables



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