AccountingBLOCK - Tax and Accounting Forums - View Single Post - Expense discovered after month-end close

ZahiD · 06-27-2008, 04:50 PM

I mention above that After the bill arrives you

Dr. Accounts payable
Cr. Cash

I assumed that once you get the bill you will pay it... was I wrong?

06-27-2008, 04:50 PM	#4 (permalink)
ZahiD Status: Administrator Join Date: Mar 2008 Location: Santa Clara, CA Posts: 507 Blog Entries: 7 Rep Power: 10	I mention above that After the bill arrives you Dr. Accounts payable Cr. Cash I assumed that once you get the bill you will pay it... was I wrong? __________________ AccountingBLOCK is on Facebook and Twitter Zahid Lilani Manager,