I don’t know if this topic was discussed earlier. Could anyone show me how to transfer account receivable amount from customer X to account payable of supplier Y who is a guarantor of the credit given to customer X. For clarity, customer X failed to pay the credit amount and thus supplier Y as guarantor wants to pay instead. But i am bit confused about the journal entries in order to record this transaction properly. Please help. Thanks in advance.
Thank you @lubos
A post was split to a new topic: How to recover Accounts Payable