on 11-19-2007 8:05 AM
Dear friends
Which type of account is posted to debit side
& which type of account is posted to credit side
With regards
sankalp singhai
singhai.sankalp78@gmail.com
Hi,
When Sales Invoice is genarated <b>Customer Account is Debited</b> and
<b>Sales Account Credited</b>
When PGI is completed <b>COGS(Cost Of Goods Sold) Account Debited</b> and <b>Finished goods account Credited.</b>
When Payment Made by the Customer, <b>Bank Account was Debited</b> and <b>Customer Account Was Credited.</b>
reward points if it is helpful
Regards,
v.s.vas
Message was edited by:
v.s.vas.
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Taxes also credited
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Hi,
All Sales Revenue will be posted to Credit and customer will be debitted.
Regards,
Murali
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