What is Deposit? A customer deposit Rs.15,000/ and he
ordered the goods of Rs.10,000/ against the deposit. Now he
wants the remaining cash back. how do you do in receivables?
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Answer Posted / prasadrao.ladella
Deposit is means an advance/pre-paid amount had been given by the customer to vendor/supplier.here deposit amt is 15000/- and he ordered the goods amt 10000/-, remaining 5000/- amount will be adjusted in two scenarios,
1) remaining 5,000/- will be payback to the customer with credit memo.
2) remaining 5,000/- will be adjusted by raise standard invoice adjusted with deposit transation.
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