on 09-23-2014 1:41 PM
Hi Experts,
Kindly let me know what accounting entries are made when periodic posting + transfer of a lease- in contract?
Hi,
entry should be as mentioned below for entries with transfer.
periodic posting
debit to expense gl account
credit to vendor account
object transfer
debit to clearing gl
credit to clearing gl
Thanks
Rajnikant verma
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Hi
Periodic posting:
Dr 100 cost for object
Cr -100 payable
Transfer posting
Dr 100
Cr -100 cost for object
Regards,
Bowen
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