Accounts Treatment

A/c entries 689 views 1 replies

Dear Sir,

Please what will be the treatment for the following.

There were certains disputes with the party on the machinery supplied and the party has issued a credit note of Rs 5 lacs against the machinery cost of Rs 1 cr and how the same will be treated ?

Replies (1)

i thnk d entry should be

SUPPLIER A/c Dr.                         5L

            To MACHINERY a/c               5L

 plz correct me if m wrng


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register