Economic Management Sciences- Debtors Allowances Journal Flashcards

1
Q

Source document

A

Credit note

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2
Q

DAJ

A

When the debtor returns goods

Ask for an allowance (purchased from a sale but didn’t get the discount)

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3
Q

Debtors’ Allowances

A

Expense
+ DR DA
- CR DC

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4
Q

Don’t fill in COS

A

If an allowance has been given

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