How to make adjustment of Petrol waiver in credit card
This query is : Resolved
Quick Summary
14 December 2022
how to make adjustment of petrol waiver in credit card and how to make journal entry in the case of Individual Business
Dhirajlal Rambhia
(Expert)
14 December 2022
Credit the same against the charges levied along with petrol. Its just refund of the same amount charged earlier.
15 December 2022
Sir ,
My question is that
Petrol surcharge waiver can be reduced from petrol expenses
or Book it separate as income
My question is that
Petrol surcharge waiver can be reduced from petrol expenses
or Book it separate as income
Dhirajlal Rambhia
(Expert)
15 December 2022
It is to be reduced from the surcharge levied over petrol.
Net petrol expenses will not be reduced.
Net petrol expenses will not be reduced.
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