How to manage barter income?, Accounting Basics

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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.

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Alice 2/19/2014 3:39:25 AM 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.
avril 2/19/2014 3:48:53 AM 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.

Alice

2/19/2014 3:39:25 AM

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.

avril

2/19/2014 3:48:53 AM

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