Question
My question is about journaling the transaction a customer returns a good 1. The first answer that is correct is: the seller will debit
My question is about journaling the transaction " a customer returns a good"
1. The first answer that is correct is: the seller will debit Inventory
2. Then the second answer that is correct is: the seller will debit Estimated Refund Liability and credit Accounts Receivable.
Why are both answers right? I understand why number 1 would be correct but why is number 2 also?
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Performance Audit In The Face Of The Financial And Economic Crisis Application Of The Quality Control Appropriate To The Risks
Authors: Laureano Triana Rubio
1st Edition
6203482390, 978-6203482393
