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From Coleman posted an update 2 years, 11 months ago
When an organization pays for an expense out of pocket, the cash account is credited, because cash is transferring from the account to cover the expense. This means the expense is debited as a result of the funds credited from the cash account are overlaying the value of that expense. Sales returns and money gross sales are not recorded in this…[Read more]
From Coleman became a registered member 2 years, 11 months ago