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Define balancing in accounting?

Payroll Accounting Accounts Receivable Financial Accounting Finance
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Question added by Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )
Date Posted: 2017/02/22
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sikandar ali malik saleem
by sikandar ali malik saleem , Assistant Manager Accounts & Finance , Paragon city pvt ltd

WE CAN BETTER UNDERSTAND ACCOUNTS RECEIVABLE OR CREDIT SIDE BALANCE THROUGH ENTRY WHEN CASH OR CHE QUES WILL BE COME OF THE COMPANY THEN ENTRY WILL BE FOLLOWING;

                        CASH OR BANK DEBIT

                                 RELEVANT PRODUCT CREDIT

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