Bad-debt from supplier
Posted: Wed Sep 03, 2008 8:15 am
Hi all,
How do we show the refund from supplier?
Ex:- We have paid the prepayment of $1000 to supplier and we got the invoice for the $950.
Q1). How do we adjust the remaining $50 in case if we dont get any invoice from the supplier in the future?
Q2). If the supplier defalts the payment ($50) and we want to show it as bad debt. How do we show it in the payables?
Give me the solution in 11.5.10.2.
Regards,
Jram.
How do we show the refund from supplier?
Ex:- We have paid the prepayment of $1000 to supplier and we got the invoice for the $950.
Q1). How do we adjust the remaining $50 in case if we dont get any invoice from the supplier in the future?
Q2). If the supplier defalts the payment ($50) and we want to show it as bad debt. How do we show it in the payables?
Give me the solution in 11.5.10.2.
Regards,
Jram.