setuthill
Active Member
Greetings List, The accountants would like to ship product to a sister
company, however instead of using the normal sales accounting,(debit
cos/credit inv, credit sales/debit a/r), they would like to debit a/r and
credit inventory only, anotherwords no income statement accounts would be
hit only balance sheet accounts... any ideas??? thanks, s.e.t.
company, however instead of using the normal sales accounting,(debit
cos/credit inv, credit sales/debit a/r), they would like to debit a/r and
credit inventory only, anotherwords no income statement accounts would be
hit only balance sheet accounts... any ideas??? thanks, s.e.t.