angela ford
Dec 3, 2008, 08:24 AM
If I am writing a check from our checking account, I would debit the checking account and credit accounts receivable correct?
Incorrect.
Funds going out of your chequing account would be a credit.
pready
Dec 5, 2008, 12:37 PM
You Debit the Account you are making the payment for. Example - Expense Account for the amount of the Check
Credit Cash for the amount of the Check