April 25, 2011 07:44AM
Gross value. I found my problem, but I'm not sure why it happened. The remaining amount was in my chemical account.

In May of 2010 I purchased my soybean seed and it was treated with a chemical. I put the cost of the seed and treatment together and listed it as accounts payable. When I sold my soybeans, I would deduct the seed cost by using an "Other Current Asset" account. Then pay off the accounts payable with the other current asset account. The other current asset account is set up with no offsetting account so I don't know why part of the cost ended up in the chemical account. Does this make sense and any idea why?

Thanks,
Pat
SubjectAuthorPosted

general ledger error

pdfreeseApril 24, 2011 06:54AM

Re: general ledger error

Mitch KonenApril 24, 2011 11:50AM

Re: general ledger error

pdfreeseApril 25, 2011 07:44AM

Re: general ledger error

KathyClineApril 25, 2011 02:53PM

Re: general ledger error

Deb HurrawApril 25, 2011 11:21AM

Re: general ledger error

pdfreeseApril 26, 2011 11:46AM



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