Economic Management Sciences- Debtors Allowances Journal Flashcards
1
Q
Source document
A
Credit note
2
Q
DAJ
A
When the debtor returns goods
Ask for an allowance (purchased from a sale but didn’t get the discount)
3
Q
Debtors’ Allowances
A
Expense
+ DR DA
- CR DC
4
Q
Don’t fill in COS
A
If an allowance has been given