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-   -   Invoices incurred (https://www.askmehelpdesk.com/showthread.php?t=611152)

  • Nov 10, 2011, 04:36 PM
    mylink
    Invoices incurred
    Invoices received from various companies are for costs incurred that will be paid later, does this mean credit to accounts payable and a debit to revenue
  • Nov 10, 2011, 08:42 PM
    pready
    You will Debit the appropriate Expense accounts i.e. Utilities Explense or Phone Expense and Credit Accounts Payable.

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