The customer has overpaid.
Credit notes have been issued for fully-paid-for goods.
Payment is received in advance of raising invoices.
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The payables’ ledger control account may show a debit balance for
similar reasons.
Technically such balances should not exist and should be transferred to
the correct account. Thus a credit in a receivable account should be
adjusted as follows:
Dr Receivable account $X
Cr Payable account
$X
Debit balances in the payables’ ledger will be adjusted using exactly the
same double entry.
Do'stlaringiz bilan baham: