jbi
Jul 20, 2010, 05:35 AM
Where do you record the invoice
pready
Jul 23, 2010, 07:36 AM
It depends on the invoice
If it is for something you sold, then the journal entry will be: Debit Accounts Receivable for the amount and Credit Sales for the amount
If it is for something you bought, then: Debit an Asset account(supplies, merchandise, etc) for the amount and Credit Accounts Payable for the amount