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Ray Carnes
On 6/24/14, 8:56 PM

When a product is SOLD, the accounting journal entry will use the INCOME ACCOUNT to record the transaction based on the sale price.

When a product is PURCHASED, the accounting journal entry will use the EXPENSE ACCOUNT to record the transaction based on the purchase price.

You can benefit from reviewing "OpenERP For Accounting & Financial Management" at http://ursainfosystems.com/homesite/wp-content/uploads/2013/07/openerp_for_accounting_and_financial_management_-_1.0.pdf

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Asked: 6/24/14, 3:55 PM
Seen: 992 times
Last updated: 3/16/15, 8:10 AM