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Credit note
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What is the source document for debtors allowance journal?
Credit note
What is the source document for the cash payments journal?
Cheque
'how to teach debtors' journal'?
You make them to undesdand when we talk about debtors we talk about what
List the four parts of a journal entry?
The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.
What is a debtors' allowance journal?
Debtors may sometimes be unhappy with their purchases and wish to claim a refund (allowance) from the supplier. Some reasons for this include poor quality goods, wrong colour, wrong size, overcharges, errors on the invoice, and so forth. The debtor then sends a debit note (D/N) to the trader in which the claim is made in respect of the goods returned or overcharge claimed . After investigation the supplier, if in agreement with the claim, issues a credit note (C/N) to the customer. One copy is sent to the debtor and the other is the source document for the entry in the business's Debtors Allowances Journal (DAJ) The DAJ is like a sales returns and overcharges journal.
What is the source document for debtors allowance journal?
Credit note
What is sales credit notes?
It is a source document for journal entries to notify that a credit sales has taken plece, i.e sombody(debtors) owe money to the business in return for the goods.
Are duplicate receipts used as the source document to record payments received from debtors?
No, duplicate receipts are not typically used as the source document to record payments received from debtors. The original receipt is usually the source document that is kept for record-keeping purposes. Duplicate receipts may be issued to the payee as a confirmation of the payment received.
Creditor Allowance Journal's source document?
what is the reason businesses record into creditors allowances journal
Accouting transaction from a source document are recorde in a?
they are recorded in a general journal.
What is the source document for the cash payments journal?
Cheque
'how to teach debtors' journal'?
You make them to undesdand when we talk about debtors we talk about what
List the four parts of a journal entry?
The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.
What is a debtors' allowance journal?
Debtors may sometimes be unhappy with their purchases and wish to claim a refund (allowance) from the supplier. Some reasons for this include poor quality goods, wrong colour, wrong size, overcharges, errors on the invoice, and so forth. The debtor then sends a debit note (D/N) to the trader in which the claim is made in respect of the goods returned or overcharge claimed . After investigation the supplier, if in agreement with the claim, issues a credit note (C/N) to the customer. One copy is sent to the debtor and the other is the source document for the entry in the business's Debtors Allowances Journal (DAJ) The DAJ is like a sales returns and overcharges journal.
What is journal entry for allowances to debtors?
[Debit] Allowance for debtors account [Credit] Accounts receivable account
What will be the journal entry for sundry debtors 1000?
sundry debtors A/c........DR 1000 TO Sales A/c 1000
What is the four parts of a journal entry?
(1) date (2) debit (3) credit (4) source document
