Answer Posted / b.thirupathi

PURCHASES A/C...DR
TO SUPLIER A/C
RULE:
real a/c: what comes in....DR.
So we debited purchases and
personal a/c: who gives is credit
so we credited the suplier

debtor a/c....dr
to sales a/c
RULE:
PERSONAL A/C: who recives is debit,
so we debited the debtor,
REAL A/C: what goes out is credit
so we credited sales

Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan

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