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Accountry journal entry
WHAT ACCOUNTING ENTRY SHOULD PASS When a customer is overcharged by the vendor or his creditor then to give effect for the same in his books,
Replies (3)
debit the creditor to the extent of excess payment.
for damage good supply from vender what entry should i pass
purchaser a/c dr
to damage good a/c
and under which head should damage good a/c in tally . plz help
In case of damaged goods you are supposed to return the goods. Creditors account dr to purchase returns.
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