AR payments / AP Receips

Hi,

Can I know how to pay to customers and how to receive for vendors

Ex:- Basically mine F. service company

  1. Generally we pay the cash or check to customers and

  2. We receive the payments from Vendors

For the above scenario can any one tell me the which journals can we take (But the amount should go to Receivable and Payable accounts)

Thanks

Payment Journals in AR and AP.

Hi,

Can I know how to pay to customers and how to receive for vendors

Ex:- Basically mine F. service company

  1. Generally we pay the cash or check to customers and

  2. We receive the payments from Vendors

For the above scenario can any one tell me the which journals can we take (But the amount should go to Receivable and Payable accounts)

Thanks