10-23-2009, 08:45 PM
Dear !
Follow the Newton's Law of Action Every action has a reaction.
Infact, it is customary to put Dr. first in journal entries. however, there are computerized accounting softwares that do not follow this custom.
For example if in computerized accounting system you open a bank payment voucher It means you will definitely credit the bank account so it only require the debit amount. Similarly when Bank receipt voucher is opened in a computerized accounting software, it requires only credit amount and head of account.
I hope it will suffice.
regards,
Follow the Newton's Law of Action Every action has a reaction.
Infact, it is customary to put Dr. first in journal entries. however, there are computerized accounting softwares that do not follow this custom.
For example if in computerized accounting system you open a bank payment voucher It means you will definitely credit the bank account so it only require the debit amount. Similarly when Bank receipt voucher is opened in a computerized accounting software, it requires only credit amount and head of account.
I hope it will suffice.
regards,
