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    confused6811's Avatar
    confused6811 Posts: 1, Reputation: 1
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    #1

    Mar 20, 2008, 08:59 AM
    Setting up assets correctly in general ledger
    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.
    plonak's Avatar
    plonak Posts: 742, Reputation: 117
    Senior Member
    		  
    #2

    Mar 20, 2008, 11:25 AM
    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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