leonard77 leonard77
  • 23-04-2019
  • Business
contestada

how to do a journal entry in accounting​

Respuesta :

mariannanaychuk mariannanaychuk
  • 02-09-2019

Answer:

You should "Debit" one account in your general ledger and "Credit" another.

Explanation:

Example - you receive an invoice from your vendor for $100,000 (assuming non-VAT transaction). Your journal entry would look the following:

Debit: Expense $100,000  

Credit: Accounts Payable $100,000

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