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Cash Journal Debit and Credit accounts are the same?

By
Guillermo Thomas
on 5/9/14, 2:27 PM 993 views

Why in sample loaded data the cash journal debit and credit accounts are the same? Shouldn't they be different? Why is this? I'm not an experienced accountat so that is why I'm asking. Any insight will be much appreciated.

0
Koffi KPONOUGLO
On 5/9/14, 5:00 PM

Hi Guillermo,

cash journal debit and credit accounts are the same because the journal will be used both for customer payment and supplyer payment.

  • debit when is client payment
  • credit when is supplyer payment

Good work

Thank you so much!

Guillermo Thomas
on 5/12/14, 2:28 PM

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Asked: 5/9/14, 2:27 PM
Seen: 993 times
Last updated: 3/16/15, 8:10 AM