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When the seller is paid the customer's account is.credited or debited?
debited
When a seller records a return of goods the account that is credited is?
When a seller records a return of goods, the account that is credited is typically "Sales Returns and Allowances." This account is a contra-revenue account that reduces the total sales revenue reported on the income statement. Additionally, the inventory account may be debited to reflect the return of goods to stock.
When a seller records a return of goods what account is credited?
When a seller records a return of goods, the "Sales Returns and Allowances" account is credited. This account is a contra-revenue account, which reduces the total sales revenue. Additionally, the inventory account is typically debited to reflect the return of goods to stock. This process ensures accurate financial reporting and inventory management.
When the seller is paid the customer's account is what?
The customer's account is credited.
What is double entry treatment of DISCOUNT Allowed and Received?
Discount allowed: original entry made in the discount allowed column on the debit side of the cash book and at the end of the month debited(after balancing the cash book) in the nominal ledger. The credit entry is made in the personal account of buyer. Discount received: original entry made in the discount received column on the credit side of the cash book and at the end of the month credited(after balancing the cash book) in the nominal ledger. The debit entry is made in the personal account of seller.
When the seller is paid the customer account is debited or credited?
credited
When the seller is paid the customers account is what?
The customer's account is credited.
Advances from customers appear in the accouting?
If you are the seller and recieve an advance payment from a customer, it means you are owing the customer and as much a creditor. Your cash is debited and the customer ( Customer's deposit account) credited;
When the seller is paid the customer's account is.credited or debited?
debited
When a seller records a return of goods the account that is credited is?
When a seller records a return of goods, the account that is credited is typically "Sales Returns and Allowances." This account is a contra-revenue account that reduces the total sales revenue reported on the income statement. Additionally, the inventory account may be debited to reflect the return of goods to stock.
When seller paid the customer account is?
credited
When the seller is paid the customer's account is what?
The customer's account is credited.
What is the customer account when the seller is paid?
The customer's account is credited.
When the seller is paid the customers payment is?
When the seller is paid, the customer's payment is typically processed through a payment gateway or financial institution, which verifies the transaction and transfers the funds. Once the payment is confirmed, it is credited to the seller's account, completing the exchange. This process ensures that both parties fulfill their obligations in the transaction.
Why was the full sale amount not credited to my PayPal account after selling an item on eBay?
There is a "seller's fee" charged on transactions. You as the seller get what is left after deducting this fee from the amount the buyer payed.
When the seller is paid the customer?
credited
Responsible seller serves of alcohol must know when the law and their customers else what else must seller servers know?
Responsible seller servers of alcohol must know the law and their customers. And what else must seller-servers know?
