Revenue Recognition
The Journal Edit Register program (R48300), when called by the G/L Journal Generation (R48132), creates these general ledger entries:
Account |
Debit |
Credit |
---|---|---|
Accrued Accounts Receivable |
10,000.00 |
|
Revenue Account |
10,000.00 |
|
Revenue Contra Account |
5,000.00 |
|
Accrued Receivable Contra Account |
5,000.00 |