AccountingBLOCK - 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: Owner/Administrator Join Date: Mar 2008 Location: Berkeley, CA Posts: 201	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? __________________ Zahid, CTEC Registered Tax Preparer