I need to set up two auto loans in quickbooks pro and I don't know which account should be credited and debited to make sure that I show the assets on my balance sheet.
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I need to set up two auto loans in quickbooks pro and I don't know which account should be credited and debited to make sure that I show the assets on my balance sheet.
Im an accounting major and I've used quickbooks in the past. You always debit the asset and credit the loan. Hope that helps!
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