Opening invoices uploaded
Hello
I have created an opening invoice in payable with the following distribution account
31-DEC-2010
Dr opening balance AP clearing account $10
Cr Liability $10
Now assume if i am applying payment on this opening invoice the following entry will b made
10-JAN-2011
DR liability $10
CR cash $10
so u notice that Dr balance of invoice still stand how it will be set off?
I have created an opening invoice in payable with the following distribution account
31-DEC-2010
Dr opening balance AP clearing account $10
Cr Liability $10
Now assume if i am applying payment on this opening invoice the following entry will b made
10-JAN-2011
DR liability $10
CR cash $10
so u notice that Dr balance of invoice still stand how it will be set off?
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