A customer returns a pair of trousers she bought for 35 using a credit card. She has
Fantastic news! We've Found the answer you've been seeking!
Question:
A customer returns a pair of trousers she bought for £35 using a credit card. She has a receipt showing when she made the original purchase. The rate of VAT is 20 per cent. How would you record this transaction ?
On 15 December, Jean Jones, a customer of Simply Stationery, returns a filing cabinet she bought on 1 December for £75 on credit. She’s already been issued with a sales invoice, but hasn’t paid for it yet. Design a credit note for this transaction and state how you’d record the transaction.
Note: The rate of VAT is 20 per cent.
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date: