Bought an item and paying in installments

Martina Rose
Member Posts: 1
Hi, I have bought an item off someone and I am paying them back in installments. What accounts should I set up to use?
I understand that it will come out of the "bank - cash" but when should I put the corresponding entry?
Thanks
I understand that it will come out of the "bank - cash" but when should I put the corresponding entry?
Thanks
1
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