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Cash Refund To customer

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accountant
31 Points Posted on 15 May 2019
Hi Reader's

Can anybody please advise how take cash refund entry in cash book under which head A/C.

the refunding cash is rs 130 to customer.
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On 15 May 2019 at 12:09 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 15 May 2019
Why You give cash refund...?

Is any excess receipts or discounts...?!
463 Reply
On 15 May 2019 at 12:27
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accountant
31 Points Posted on 15 May 2019
excess receipts


The problem is first we made one bill to Rs. 749/-
due to some rate variation.he will not accept the material then we raise bill for only rs. 620/-
bal of rs.129/- paid by cash that all.
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On 15 May 2019 at 14:44
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"Do the Right Thing...!!!"
128147 Points Posted on 15 May 2019
You just give the payment to Customer as Cash / Bank...

And just provide payment entry to Customer as

Dr. Customer A/c - Rs. 129
Cr. Cash/Bank A/c - Rs 129...
463 Reply
On 15 May 2019 at 14:48


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