Sunday
November 23, 2014

Homework Help: Accounting

Posted by Jill on Friday, May 28, 2010 at 10:13pm.

I am having a technical problem using Simply Accounting 2008 (student version). I am creating my own company and entering the accounts in the Chart of Accounts. However, there is a problem with the drawings account. Most equity accounts have a credit balance, but a drawings account has a debit balance. The program reads my drawings account to have a credit balance. How can I make the program read the drawings account correctly as a debit balance? Thanks

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - I am having a technical problem using Simply Accounting 2008 (...
accounting - Exercise 9-13: Accounts receivable turnover L.O. A1 The following ...
accounting II - A company has $314,000 in credit sales. The company uses the ...
accounting help - IN 2008, Variman, Incorportated had Gross Accounts receivable ...
ACCOUNTING !! - IN 2008, Variman, Incorportated had Gross Accounts receivable of...
accounting - What is the purpose of the chart of accounts? o Why are internal ...
Accounting - On Dec 31, 2007, before adjusting entries, the blances of selected ...
Financial Accounting - Use the following information to answer multiple-choice ...
accounting/help please - The two accounts used to adjust the uncollectible ...
accounting - After the accounts are adjusted and closed at the end of the fiscal...

Search
Members