Journals for Returns. Refer to Figure 2 below:
Figure 2: AR Sales
Order - Returns Entry
Return Journal Entry
Line | Account
No |
Description |
Debit |
Credit |
1 | 4000-01 | Revenue GL Account |
90.91 |
|
2 |
3000-01 |
Tax GL Account |
9.09 |
|
3 |
2000-01 | Debtor Control GL Account | | 100.00
|
Stock Movement Journal Entry
- Credit to
Stock is ticked
Line | Account
No |
Description |
Debit |
Credit |
1 | 5000-01 | Stock GL Account |
10.00 |
|
2 |
5500-01 |
Cost of
Goods Sold GL Account |
|
10.00 |
|
| | |
|
Payment
Journal Entry Line | Account
No |
Description |
Debit |
Credit |
1 | 6000-01 | Bank Account |
|
100.00
|
2 |
2000-01 |
Debtor
Control GL Account |
100.00 |
|
|
| | |
|