Sir, I think the journal entry to enter on our company when a supplier issues a credit note is Debit Suppliers A/C and Credit Purchase Return A/C . On the supplier side is where they will Debit Sales return A/c and Credit Customer A/c

@irisyoung2167

2 жыл бұрын

I think this is a mistake, from the amount could find that it means to record the unrecorded invoice $200 A credit note $100, should debit A/P, credit goods return

@farrukhsami7851

Жыл бұрын

Yes you are right😉

Thanx and keep providing such quality information...

Thanks for upload Supplier Reconciliation video 👍remember last time I ask upload video regarding Supplier Reconciliation . Thanks for response

@professionalgrooming9284

3 жыл бұрын

Welcome If you need any other topic, Please do not hesitate to ask. Thanks

Thanks

Sir, Please re-check the entry again of credit note issued by supplier and not record by AP.. It should be deducted from our balance of creditors payable amount.. We no need to increase the balance of supplier account..

why credit note is add on supplier balance? I need clarification please

great

salaam please what is guide for deduction of vat

Please kindly upload new more videos How to reconcile vendor Credit memos Reversal of invoices Payment to vendor And clearly please guide us about General ledger coding

Sir, I think we need to less the third adjustment. When the invoice issued, the supplier recorded the sales and need not to be added again. Our account is showing a decreased value because of remittance. So In order to get our balance we need to reduce the value. And another thing the adjustments are not correct.

Can anybody help me to solve journal how to do. If goods have been sold to customer but not receive by the customer then how to reconcile this entry please reply ☹☹☹☹

Sir why you dont tak to salam

Payable reconciliation

@amusaazeez4410

Жыл бұрын

Please do video on payable reconciliation

Kindly request please

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