will cash paid to customers for returns have any impact on debtor ledger adj. a/c?
the entry would be sales return dr. to cash??
Menu
Urgent query
Replies (3)
It will be better to do entry through debtor a/c.
Route this transaction through debtors a/c...
Sales Return A/c Dr
To Debtor's A/c
but still the net effect in debtor ledger adjustment account would be zero?..as first the debtor would be credited with the amount and then debited?
Recent Threads
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of itr form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
Related Threads
CAclubindia
