Credit note to customer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
What should be the entry for following cases-
1.Credit note issued to customer
2.Provision for credit note
Please reply.
What should be the entry for following cases-
1.Credit note issued to customer
2.Provision for credit note
Please reply.
14 March 2011
Suppose the credit note is to be issued for discount to customer :
1> Discount Allowed A/c Dr.
To Customer's A/c Cr.
On making provision :
2> Discount allowed A/c Dr.
To Provision for Discount Allowed A/c Cr.
1> Discount Allowed A/c Dr.
To Customer's A/c Cr.
On making provision :
2> Discount allowed A/c Dr.
To Provision for Discount Allowed A/c Cr.
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