Average days to pay
COD stands for "Cash on Delivery" in the context of a commercial credit reference from a vendor. It means that the vendor requires the buyer to pay for the goods or services at the time of delivery, rather than on credit terms. This is a way for the vendor to ensure immediate payment and reduce the risk of non-payment.
There is no Antarctic flag that is a valid indicator of Antarctic sovereignty, since there is no government there. Whatever you reference is a commercial venture that requires explanation from your vendor.
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Proforma Invoice is not a real invoice, it is simply a confirmation of the purchase order before shipment of goods. Commercial invoice is what the vendor bills you after the goods have been delivered. Hence proforma invoice is not recorded as a liability on the books while the commercial invoice is. Many times, before establishing a credit relationship with the vendor, the vendor will present a Proforma invoice to request a payment in advance (PIA) before shipping the order.
credit
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
[Debit] Correct Vendor [Credit] Wrong Vendor Only Vendor accounts will be adjusted as cash or bank account is already charged correctly.
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
A debit to the vendor's subsidiary account.