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CMD's avatar
CMD
Contributing User
6 years ago

PAYABLES

You make a payment to company B for USD 1000 by mistake and yet this payment was supposed to be for company A. what are the entries which supposed to be passed to correct the mistake

  • jenniek's avatar
    jenniek
    6 years ago

    Hi CMD 

    Process a credit for Company A - then request a refund from them. Then process the purchase to Company B and pay them.

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  • jenniek's avatar
    jenniek
    Ultimate Partner
    6 years ago

    Hi CMD 

    Process a credit for Company A - then request a refund from them. Then process the purchase to Company B and pay them.