Please explain what it means
tomjerry (lecturer) (75 Points)
01 September 2014
claim received from customer rs.900 for late supply of goods claim admitted for rs.500
3 Replies
tomjerry
(lecturer)
(75 Points)
Replied 01 September 2014
according to the writer this statement is right and ask us to pass journal entry. l am confused about this statement
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 02 September 2014
We are supplier of goods. There was delay on our side. So customer claimed from us for the delay Rs. 900. But we only agreed for Rs. 500. So we will pass entry for only Rs. 500
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