If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the accounts payable department should send it back.
If the packing slip shows a shortage, the accounts payable department should send it back.
You should not pay a packing slip that shows a shortage unless it has been resolved or agreed upon with the supplier. It's important to verify the shortage with your inventory and communicate with the supplier to understand the reason for the discrepancy. If the shortage is legitimate and acknowledged, you may need to adjust the payment accordingly. Always keep documentation of any agreements or communications regarding the issue.
trading account expenses
As a debit to the accounts payable account and a credit to the purchases returns and allowances account
If the packing slip shows a shortage, the accounts payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the accounts payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
If the packing slip shows a shortage, the Accounts Payable department should send it back.
You should not pay a packing slip that shows a shortage unless it has been resolved or agreed upon with the supplier. It's important to verify the shortage with your inventory and communicate with the supplier to understand the reason for the discrepancy. If the shortage is legitimate and acknowledged, you may need to adjust the payment accordingly. Always keep documentation of any agreements or communications regarding the issue.
Accounts Payable is a liability so it should be a credit balance.
No actually... Cash paid to credits should credit cash account and debit payable account