Unsure of Debit/Credit posting

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JEM
Posts: 1
Joined: Thu Jan 12, 2012 10:32 am

Unsure of Debit/Credit posting

Post by JEM »

Have a deposit that needs to be Debit-Chequing, Credit GST Receivable (both on Balance Sheet), Credit Income Acct (Income & Expense Sheet) what do I Debit. I still use the Fund Balance 3000 acct. Is this the acct that I debit. Thanks for your help.

NeilZ
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Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Unsure of Debit/Credit posting

Post by NeilZ »

JEM wrote:Have a deposit that needs to be Debit-Chequing, Credit GST Receivable (both on Balance Sheet), Credit Income Acct (Income & Expense Sheet) what do I Debit. I still use the Fund Balance 3000 acct. Is this the acct that I debit. Thanks for your help.
I'm not based in Canada, but I can definitely say you do not directly do anything with the 3000 accounts.

I think it would help if you could say what the deposit is from, Contributions, something else ??
Neil Zampella

Using PC+ since 1999.

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