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General Accounting Discussions: Double Journal entry

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    • CommentAuthorbeatrich
    • CommentTimeOct 31st 2007
     
    I made a journal entry to post a check from Bank account for A to Bank Account for B as follows:
    Debit the B account and Credit the A Account
    Then I decided that I want to use the intercompany accounts for this transaction.
    I then dod a debit to A's intercompany Account (A/R for B) and a credit to B's intercompany account (A/P for B).
    I am not sure if this is correct. Please help. Thanks very much.
    Thankful People: TawandaM

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