USA Texas Lottery Accounting Entry


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Oct 28, 2018
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I am having trouble posting the drafts to my books. You have ticket packets sold to us, actual tickets sold to customers, cash paid out to customers and commission earned on sales. It comes out as a draft. I know that it should not be on the P & L (except for the commission) and probably should be set up as Lottery Payable and the entries in and out of that account but i cannot get it straight. Any help would be appreciated.
 
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