What is charge backs in receivable ? and what type of
entries it will come ?
Answers were Sorted based on User's Feedback
Answer / sunil kumar
Adjust the remaining balance of an existing debit items to
Zero and create a new Debit item to bill customer for
unpaid balance of original invoices. (
Dr..ChargeBack and
Cr….Receivable (Invoice)
Is This Answer Correct ? | 24 Yes | 3 No |
Answer / john pasha shaik
Charge Back is used to postpone the payment date of the
customer.It cancels the open Invoice and generated the new
invoice with the new payment date.
Accounting entry:
Receivables Account Dr..
Receivables Account Cr..
Is This Answer Correct ? | 9 Yes | 5 No |
Charge back is the process of reducing the balance of the
customer. We can reduce the balance by using creditnote
also. but it is when the customer has not done the payment.
once the customer done the payment we cann't use the credit
memo. there we have to use charge back. it also usefull in
case of bad debts, when osme of the customer became
insolvent or they are not able to pay their due, in those
case we use this.
Is This Answer Correct ? | 5 Yes | 6 No |
charge back means decreasing the liability of a customer. it
will be done if the customer has done some payments towards
the invoices. there are some other options are there.
i.e.creation of credit memo. but it can be apply only when
the customer has not done payment.
Is This Answer Correct ? | 4 Yes | 8 No |
Item is not showing in the items list, what is the reason for that in backend?
what is the receipt class and receipt source in AR?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Purpose of Payable invoice open interface?
What is Reporting of financial data in a project.
Give some examples of troubleshooting in support project with regard to AP,GL,FA
3 Answers Sierra Atlantica, Tech Mahindra,
Use of Distribution set?
What is Zero-Payment in AP
Hi All., Can Any one tell me how define the receivable options in AR. what are steps should be followed for creating a receipting workbench.
Hi, I have the problem with Trial balance summary1 report.When i am trying to print the Trial balance summary1 some posting transactions not appering for Period 14.Can you please tell me what was the problem?
What is an ERS
I have requirement where the Invoice given by supplier is in USD, but the payment can be done in GBP. Is it possible in AP?