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Title: What entry format is appropriate if sales returns and allowances occur on factored accounts? Post by: thecarp22222 on Oct 10, 2016 What entry format is appropriate if sales returns and allowances occur on factored accounts? Sales Returns and Allowances XX Factoring Expense XX Receivable from Factor XX Factoring Expense XX Return Liability XX Receivable from Factor XX Receivable from Factor XX Accounts Receivable XX Title: Re: What entry format is appropriate if sales returns and allowances occur on factored accounts? Post by: bio_man on Oct 10, 2016 Hi there,
See if these attachments helps ;D |