Under what accounting head should this account be created?

[nosherwan]

thanks a lot josh.
So you mean you create it as an asset account and not as an accounts
receivable account?
Wouldn't it be better if you more often than not owe something to others
you create it as an accounts* payable*? and if someone more often than not
owes you you create it as accounts *receivable*? what do you think about
this?

Regards,
Nosherwan




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