Ask Experts Questions for FREE Help !
Ask
    jbi's Avatar
    jbi Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 20, 2010, 05:35 AM
    Where do you record the invoice
    Where do you record the invoice
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Invoice total [ 1 Answers ]

Quanity Unit Description Unit Price 150 ea Caculater 10.63 150 ea Stapler 4.95 80 ...

After deleting record ,still the record should contain numbers serially [ 1 Answers ]

Helllo I have a problem in ms access 2007... I want to know how to make database continuous in serial number after deleting a record from it... for example if I have a table as follows Sl no fname lname 1 aaa bbb 2 yyy xxx 3 rrr uuu In the above example if...

Invoice total [ 4 Answers ]

Do you include shipping on your invoice total. Example: Quantity Unit Descrption Unit Price 150 ea. Calculator 10.63 150 ea. ...

View more questions Search