if some goods from a purchase order are damaged reciept return to the supplier, the a/p dept should
an invoice and debit memo
[Debit] Cash 300 [Credit]Purchased returns 300
A purchase allowance is a reduction in the price of goods granted by a seller to a buyer after the sale has been completed, typically due to issues like damaged goods or unsatisfactory quality. This allowance allows the buyer to keep the goods while receiving a discount or credit, rather than returning them. It is commonly used in business transactions to maintain customer satisfaction and encourage future purchases.
You would debit either sales returned or directly to sales deppendibg on the company procedure. You would then credit either the customer account in accounts receivable or bank if it was a cash transaction. Deppendibg on whether you are going to record the stock movement as well you should debit stock and credit cost of goods sold (this should be at the lower of cost or selling price).
an invoice and credit memo
some times goods which have been purchased have to be returned to the supplier. they may be faulty, damaged or not what was ordered. these goods are known as purchase return or return outwards.
some times goods which have been purchased have to be returned to the supplier. they may be faulty, damaged or not what was ordered. these goods are known as purchase return or return outwards.
When you have returned damaged goods then you will need to credit accounts receivable and debit accounts payable. This will decrease your revenue for the account.
if some goods from a purchase order are damaged reciept return to the supplier, the a/p dept should
an invoice and debit memo
yes all you fools who are on this
Or is it a simple sentence?
When you shop online anything can be returned as long as you have not damaged anything. Buying online clothes can be returned as long as you have a receipt and the tags are still attached.
Ariva is a good line of products for skin care of people with dry and damaged skin. You can purchase this at upscale department stores as well as online.
All damaged coins are withdrawn from circulation at the bank and returned to the Mint for melting down.
First Wave: 183 attacked Oahu, 9 shot down, 174 returned to carriers. Second Wave: 169 attacked Oahu, 20 shot down, 149 returned to carriers. Total 323 returned to carriers, however 74 of these were damaged (some were pushed overboard after landing).