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Posts Tagged ‘credits’

Credits in AR, Debits in AP

Icon Written by admin on September 28, 2009 – 7:30 am

Twitter It!You may, for a variety of reasons, have unapplied credits in your AR account or unapplied debits in your AP account.  These amounts may either partially offset other invoice/bill amounts, or fully offset them, resulting in a credit balance for a customer or a debit balance for a vendor.
Technically, these amounts should be reclassified [...]

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