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I have an invoice here amounting to $1893.60 (purchases), a
credit note of $61.00. I have paid the vendor $1,832.40. How
should I record my entry?
I am aware that the credit note entry is using journal and
the payment is using payment voucher. But I am not sure how
to post the entry.
Please help. Many thanks.
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Answer / narayan bhat
Hi,
Posting the entry;
1.Purchase entry : Purchase A/c Dr.1893.60
To Vendor A/c 1893.60
2.JV : Vendor A/c Dr. 61.00
To Trade Disc. 61.00
3.Payment : Vendor A/c Dr.1832.60
To Bank A/c 1832.60
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / shabab
purchase Entry
Purchase a/c Dr 1893.60
To Vendor 1893.60
Credit Note Entry
Vendor a/c Dr 61.00
To Purchase 61.00
PAYMENT ENTRY
Vendor a/c Dr 1832.40
To bank 1832.40
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / lalit
PURCHASE ENTRY
PURCHSE A/C DR 1893.60
VENDOR A/C CR 1893.60
PAYMENT ENTRY
VENDOR A/C. DR 1832.60
BANK A/C. CR 1832.60
JV ENTRY
VENDOR A/C DR 61.00
DISC. A/C CR 61.00
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mahesh
purchase Entry
Purchase a/c Dr 1893.60
To Vendor 1893.60
Credit Note Entry
Vendor a/c Dr 61.00
To Purchase 61.00
PAYMENT ENTRY
Vendor a/c Dr 1832.40
To bank 1832.40
Discount Entry
Vendor a/c Dr 0.20
To Discount 0.20
| Is This Answer Correct ? | 1 Yes | 0 No |
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