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 Topic
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
Related Topics
CAclubindia
