Dear All,
my question is suppose I am proprietor and my supplier supplies me machines and I owe to him Rs.5 lakh but when I recd their statement it's Rs.4.5 lakh and they mentioned one entry less Rs. 0.5 as I couldn't visit their Sri Lanka tour. that's why they deducted from outstanding Amt. so plz tell me what entry should I passed in my books of account?
Regards,
Samir Shaikh
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Deducted amt from o/s
Replies (1)
Treat it as a discount
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