Refund Deposit Amount

You raised a deposit type of transaction to a customer, and received a receipt fully also.
Later you raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using commitment Tab. If Customer is asking for refund of remaining amount. How will you refund the balance amount?

Questions by sudhamba44   answers by sudhamba44

Showing Answers 1 - 9 of 9 Answers

kirubakaran G

  • Sep 20th, 2011
 

If AR update process has been not done and apply Payment has been not done for the Customer you can adjust the Amount in AR itself.

Else if the AR update process has been not done and apply Payment has been done,then you should do the adjustment entries and you should pay the Customer through AP(Accounts payable)

  Was this answer useful?  Yes

Ajit Mishra

  • Nov 18th, 2013
 

Q. No. 1 ) What is different between cost account & bank reconciliation statements ?

Thanks & Regards

Ajit Mishra



  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions