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Posted by bsoftindia on May 21, 2024 at 1:11am 0 Comments 0 Likes
In the Accounting terms, a QuickBooks journal entry has two aspects, i.e. a debit entry and a credit entry. As a rule, the sum of the Debit Column is equal to the Credit column. QuickBooks Online feeds the transactions in the register/account history as journal transactions. Use the Journal Entry in QuickBooks Online when you have to:
Send Money between income & expense accounts
Transfer money from an asset, liability, or an equity account to the income or the expense account.
https://qasolved.com/journal-entry-in-quickbooks-online/
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