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Received claim from ahmed & co. …

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Received claim from ahmed & co. For defects in goods supplied to them. Claim was accepted and rebate was allowed

    • Posted by Suresh Kumar 5 years, 11 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Incredible Suri 5 years, 11 months ago

    Rebate is expense for business here, hence debited; by accepting the claim our debtor ahmed and co. will reduce , thus it is credited.

    1Thank You

    Incredible Suri 5 years, 11 months ago

    Journal entry- Rebate a/c Dr. To Ahmed and Co. A/c

    1Thank You

    Incredible Suri 5 years, 11 months ago

    What is the question here?

    2Thank You

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