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What is charge backs in receivable ? and what type of
entries it will come ?

Answer Posted / 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



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