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View Full Version : Posting between companies


barbarayvette
Aug 3, 2014, 09:33 AM
Company a receives a deposit that belongs to company b

The following are my postings:

Company a: credit to a due to account: company b

Company b: credit sales and debit due from account: company a

Now the cash gets transferred to company b how do I post cash received:

Debit bank acct. and credit what acct?