Accounts Receivable (AR) Question: Download Accounts Receivable PDF
You raised a deposit type of transaction to a customer, and received a receipt fully also.
Later you raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using commitment Tab. If Customer is asking for refund of remaining amount. How will you refund the balance amount?
Answer:
By posting following entry
Customer Deposit A/c Dr (with Remaining amount)
To Cash or Bank A/c (with Remaining amount)
Customer Deposit A/c Dr (with Remaining amount)
To Cash or Bank A/c (with Remaining amount)
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