Dear ALL,
If we receive advances from our customer then we pass this entry
Cash Account (Dr.)
Unearned Income (A/R) (Cr.)
and later we send good to our Customer then we pass
A/R (Dr.)
Sales / Inventory (Cr.)
if we receive Rs. 50,000 in advanced and send goods less amount
for example we send 40,000 its means we pay 10,000 to our customer
my question is how to record this transaction in Peachtree
Thanks
CAclubindia
