If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give

If We Are Purchase Any Service For Ex. Agency Charges From
Creditors & Give Or Sale The Same To Debtors; Then How I
Open Agency Charges Ledger? What Is The Grouping Of It?
Is It Purchase A/c. Or Sales A/c.? And If Its Purchase A/c.
Then How I Enter It In Debtors A/c.
Or Should I Make Two Different Ledgers With Two Groupings
Purchase One And Sales One?

Question Posted / satish0410

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If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give Or Sale The Same To..

Answer / dilip gautam

YOU DON,T HAVE BE CONFUSED. IN THIS CONDITION YOU SHOULD POST ENTER IN JOURNAL VOUCHER.IN CREDIT SIDE BE YOUR CREDITOR & DEBIT SIDE YOUR DEBTOR, SO THIS ENTRY SHOW IN BOTH A\C DEBTOR & CREDITOR.

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