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Accounting Treatment for Friends

 
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Accounting Treatment for Friends
Nosherwan Huma
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#1
07-11-2015, 05:19 PM
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 - by Nosherwan Huma - 07-11-2015, 05:19 PM
RE: Accounting Treatment for Friends - by JamesRenault - 12-22-2015, 04:47 PM

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