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How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
10,000 dollar loan at a Maturity of 3 months, an 8% interest rate
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hi is any one out there?
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Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.
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