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Journal entry of difference amount

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Aj Style

Student

360 Points Posted on 13 April 2021

1 I provide goods transport service to my one client,
2 the client has installed a GPS on my vehicle to monitor
3. now the client received a GSP bill from a third party and pay me after deducting GPS expense from my bill.

4 now how to book the difference amount in my book for the difference not received

Replies (2)

Quick Summary

A business owner providing transport services had GPS expenses deducted from their invoice by a client. They are seeking advice on how to record this difference in their accounting. The suggested solution is for the client to issue a debit note to formally document the deduction.