[GNC] Question about offset entery for inventory

[Derek Atkins]

Kebcoinc <ken at collectorsonlinemarket.com> writes:

> I just cannot remember.
> When I am entering a transaction for one of my vendors,
> I ordered some inventory,
> I want to increase the liability for this vendor
> What would I decrease to balance?

Your inventory asset account.

> I'm actually increasing my inventory and increasing my liability

Right.  If you credit the vendor and debit inventory, it will "increase"
both (because a liability is a "negative" account).

> Thanks

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant