Excess payment to supplier, Accounting Basics

Assignment Help:

What process for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back surplus amount how do in oracle apps?

Ans) Surplus payment to supplier is treated as Advance paid to supplier. This will illustrate as debit balance in supplier account.

Supplier can give the payment by way of cheque / demand draft without adjusting in his subsequent bills.

Related Discussions:- Excess payment to supplier

Bank reconciliation, hello, i am in Malaysia and try to reconcile a bank st...

hello, i am in Malaysia and try to reconcile a bank statement in USD. I am confuse on which currency should i follow to enter the bank transactions. If follow in USD, i could not

Acct 205, I need help with accounting 205 week four assignment

I need help with accounting 205 week four assignment

Applied research project, I just want part A and Part B including ppt slide...

I just want part A and Part B including ppt slides to present.

Specific identification method of inventory, Q. Specific identification met...

Q. Specific identification method of inventory? Specific identification- The specific identification method of inventory costing put together the actual cost to an identifiable

Recording a payroll, how do I do a cash payments journal?

how do I do a cash payments journal?

Summary of significant accounting policies, Q. Summary of significant accou...

Q. Summary of significant accounting policies? As part of their annual reports companies comprise summaries of significant accounting policies. These policies help users in int

Setting Accounting Standards, Mission statement for PCAOB and AICPA and how...

Mission statement for PCAOB and AICPA and how it contributed to GAAP 2-3 pages APA style

A light truck is purchased on january 1 at a cost of $27, A light truck is ...

A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for t

Social responsibility accounting, Social Responsibility Accounting: So...

Social Responsibility Accounting: Social responsibility accounting is a modern phase in the development of accounting and owes its birth to rising social awareness that has be

Exploration cost, is exploration cost for mining companies regarded as asse...

is exploration cost for mining companies regarded as assets or expense?

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages