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View Full Version : Setting up assets correctly in general ledger


confused6811
Mar 20, 2008, 08:59 AM
I need to set up two auto loans in quickbooks pro and I don't know which account should be credited and debited to make sure that I show the assets on my balance sheet.

plonak
Mar 20, 2008, 11:25 AM
Im an accounting major and I've used quickbooks in the past. You always debit the asset and credit the loan. Hope that helps!