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Re:AR On-Account Type is not Asset it is Liability (1 viewing) (1) Guest
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TOPIC: Re:AR On-Account Type is not Asset it is Liability
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Charlie (User)
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Re:AR On-Account Type is not Asset it is Liability 11 Years, 4 Months ago  
Hello,

I believe Hasan mentioned that the ON-ACCOUNT is defined as a Contra-Asset account.
Meaning its defined as a ASSET account with a net CR balance.
Very similar to your Liability account.
Hope this helps.
Charlie :)
 
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AR On-Account Type is not Asset it is Liability
ramoz1313 2012/12/22 19:30
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Charlie 2012/12/22 22:15
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handsonerp 2012/12/27 23:34
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