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How to do refund money to debtor with issue payment voucher?

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Question
How to do refund money to debtor with issue payment voucher?eg: Debtor has been issued amount rm1000 and been knock off with Receive Payment

Answer

To refund Money to your customer using Payment Voucher, the below are the recommended steps:

1. Create a Contra account then Issue a Debit Note, the journal should be :

DR    Debtor 
     CR Contra Account

 

2. Create a Payment Voucher 

DR    Contra Account 
                     CR Bank

 

Note: in the end, the entries will be as:

Dr. Debtor 

  Cr. Bank

 

After the Entries, You can go to Customer>Customer Knock off to Knock-off the DN and previous over payment (Receive Payment).


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Article Details
Views: 3026 Created on: Sep 10, 2014
Date updated: Jan 17, 2015

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