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    mylink's Avatar
    mylink Posts: 17, Reputation: 0
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    #1

    Nov 10, 2011, 04:36 PM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 10, 2011, 08:42 PM
    You will Debit the appropriate Expense accounts i.e. Utilities Explense or Phone Expense and Credit Accounts Payable.
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