Hello, can anyone help me with the below?
Why is SLCA a dr when doing credit sales in the GL but when posting from the cash book into the GL its suddenly a cr?
i understand that credit sales in the GL go into the SLCA and are a dr because it is money owed by debtors, which are debits. I don't understand why when it is put in the GL from the cashbook it is suddenly a cr?
help!!![:(]( ":(")
Why is SLCA a dr when doing credit sales in the GL but when posting from the cash book into the GL its suddenly a cr?
i understand that credit sales in the GL go into the SLCA and are a dr because it is money owed by debtors, which are debits. I don't understand why when it is put in the GL from the cashbook it is suddenly a cr?
help!!
