LogFAQs > #905970390

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Topic	Wow, just stumbled across MAJOR fraud at my new job.
BlueJester007 07/30/18 1:30:38 PM #18:	Romulox28 posted... theyd credit one account, but then at the same they would debit another in that same transaction. I only took a few Accountant courses way back in my college days, so I may be incorrect here, but isnt that what you are supposed to do with journal entries? Its your debits and credits: Lets say you buy a lot of land for $100k in cash. Okay, so you credit your cash 100k, but you also debit your land 100k. --- Donald Trump is under your bed. <cite>BlueJester007 posted [p:905970390] in Wow, just ... [t:76855181]...</cite> <quote><cite>Romulox28 posted...</cite> <quote>theyd credit one account, but then at the same they would debit another in that same transaction.</quote> I only took a few Accountant courses way back in my college days, so I may be incorrect here, but isnt that what you are supposed to do with journal entries? Its your debits and credits: Lets say you buy a lot of land for $100k in cash. Okay, so you credit your cash 100k, but you also debit your land 100k. --- Donald Trump is under your bed.</quote> ... Copied to Clipboard!
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