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View Full Version : Entries for offsetting of accounts payable against accounts receivables


almazora
Jun 22, 2010, 08:35 PM
For example we have receivables and payables with the same customer... instead of collecting and paying we offset the receivables from the payables how do I make the debit and credit memos on the transactions

almazora
Jun 22, 2010, 08:37 PM
Debit accounts payable
Credit accounts receivables

deribe getabich
Apr 26, 2012, 04:07 AM
In accounting principle is it possible to offset A/receivable and A/payable accounts having different person transaction

deribe getabich
Apr 26, 2012, 04:10 AM
Offsetting A/receivable and A/payable having different transaction