Accountry journal entry

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Tax practicner

117 Points Joined December 2015

WHAT ACCOUNTING ENTRY SHOULD PASS When a customer is overcharged by the vendor or his creditor then to give effect for the same in his books,

Replies (3)

Tax Consultant

1029 Points Joined March 2012

debit the creditor to the extent of excess payment.

Tax practicner

117 Points Joined December 2015

for damage good supply from vender what entry should i pass

purchaser a/c dr

to damage good a/c

and under which head should damage good a/c in tally . plz help

Tax Consultant

1029 Points Joined March 2012

In case of damaged goods you are supposed to return the goods. Creditors account dr to purchase returns.

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