Question

If I own a company and provide supplies to someone, and in return they do service work for me,what do I debit?

I should credit my supplies and debit COGS, but then also credit revenue and debit what? Normally I would debit cash or accounts receivable, but I'm not sure that to do in this situation.

11 months ago - 1 answers

Best Answer

Chosen by Asker

yes, debit cash.
not ARs.
cause Debiting those means $ is due you

btw-if biz is poking along, hire a CPA to do this and spend time marketing your services

11 months ago
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