How to account
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2010
There is a garment Company, which undertook orders from the foreign client.
Based on customer order the company purchase the raw material say No. 10000 mts. but later customer requested to 2000mts and redy to reimburse the balance of 8000mts amount.
The question is How to account the recovered amount from the customer ( Assuming that the unutilised goods of 8000mts is not going to return to customer it is company property)
Can any one help me in this matter.
Thanks & Regards
Abishek Thakur
Based on customer order the company purchase the raw material say No. 10000 mts. but later customer requested to 2000mts and redy to reimburse the balance of 8000mts amount.
The question is How to account the recovered amount from the customer ( Assuming that the unutilised goods of 8000mts is not going to return to customer it is company property)
Can any one help me in this matter.
Thanks & Regards
Abishek Thakur
04 December 2010
make rejection inward entry.
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