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View Full Version : How can I journalize accounts regarding down payments?


paulanna
May 25, 2008, 10:26 PM
What account should be credited when I received a down payment? I am having a hard time about these topics please do help me. Thanks

CaptainForest
May 26, 2008, 02:05 AM
Unearned Revenue most likely, assuming the cash received has not yet been earned.