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Debit Receivables Credit Income/Sales when cash is received: Debit Cash Credit Receivables

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Q: Billing a customer for work done journal entry?
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How to pass the entry against credit note in our accounts?

In order to credit a customer in the account, a credit note must be issued. After that is done, a journal entry can be made to indicate the credit.


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What is the journal entry for a purchase purchased on account of 54780?

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