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What is the concept of debit credit transaction entry in Voucher Entry in Reckoner financials?

April 26, 2017concept credit Debit reckoner transaction voucher

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What is the concept of debit credit transaction entry in Voucher Entry in Reckoner financials?

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Answer. Any number of transactions can be entered through Voucher Entry. If the main account for the voucher is specified then only one side of entry debit or credit will be made in the transaction. The account(s) specified in the transaction has to be different from the main account. The debit/credit will be set opposite to the one specified for the main account. If there is no main account then the entries for both debit or credit can be made in the transaction. The transactions can also be entered in foreign currency. However in case of journal voucher foreign currency transactions are not allowed. The total debit amount has to match with the total credit amount.