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?
Submitted by: AdministratorBy posting following entry
Customer Deposit A/c Dr (with Remaining amount)
To Cash or Bank A/c (with Remaining amount)
Submitted by: Administrator
Customer Deposit A/c Dr (with Remaining amount)
To Cash or Bank A/c (with Remaining amount)
Submitted by: Administrator
Read Online Accounts Receivable (AR) Job Interview Questions And Answers
Top Accounts Receivable (AR) Questions
| ☺ | What is total flow of Account Receivables? |
| ☺ | How much time needs to pass for an A/R account to be considered delinquent? |
| ☺ | What are the components or materials used by Accounts receivable departments? |
| ☺ | What is Evaluated Receipt Settlement? |
| ☺ | How to define Inter company Transaction in Account Receivable? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
