Budgets in accounting system

May 12, 2013
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Hello every one,

I have a BIG problem. We are setting up an accounting system for an action. In this action we receive a budget in Euro and little by little it will change to expenditure.

Now the question is that, first when we receive the budget how do we register it as a journal entry? I have to set the bank account which holds the budget as debit but do not know which account to set as credit!!!!can anyone tell me the name of that account ?

Is it called budget account????????????


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