Invoice Distribution Closing (AP175) Transactions
This program creates general ledger entries for accruing the invoice liability.
Company A
| Account Description | Debit | Credit |
|---|---|---|
| Expense Account | 70.00 | |
| Intercompany Receivable (Company B) | 30.00 | |
| Accounts Payable | 100.00 |
Company B
| Account Description | Debit | Credit |
|---|---|---|
| Expense Account | 30.00 | |
| Intercompany Payable (Company A) | 30.00 |