Accounting Document in Rebate

[Former Member]

Hi All,

what are the accounting document generated at the time of partial settlement,final settlement of Rebate.

Thanks in advance

With Regards

Ranjan

[Former Member]

Hi,

Based on the billing documents we will post the below entry

Accrued Expense G/L a/c Debited and Accrued Liabilty a/c will be Credited

Now when we make the payment to customer

we will pass the entry as mentioned below:

Our customer a/c Credited,Accrued expense a/c Debited,Accrued Liability a/c Debited,Accrued Expense a/c Credited.

Regards,

Saju.S