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Accounting Treatment for Friends
07-11-2015, 05:19 PM
Post: #1
Accounting Treatment for Friends
Assalamu alaykum,

What account should be created for transactions with friends where sometimes you owe money to them and sometimes they owe money to you.

You can't just create a "accounts payable" or accounts receivable" head because of the above mentioned change.

Please help
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Accounting Treatment for Friends - Nosherwan Huma - 07-11-2015 05:19 PM

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