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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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I am looking for job in your company. I possess academic writing experience of 1.5 years in accounting field.
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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