Ostroff, Fair and Company
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In a double-entry system your debits should equal your?


In a double-entry system your debits should equal your?

credits
credits
Credits
In a double entry system you debit one account and credit another.

so if you were you entering payroll for example:

00100 = bank
00200 = payroll
00300 = payroll tax

the entry would look like this

00100 = 200.00
00200 = (150.00)
00300 = ( 50.00)
Tags
Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes
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