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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