Ask Experts Questions for FREE Help !
Ask
    hld72's Avatar
    hld72 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 5, 2010, 08:44 PM
    What if supplies are returned and credited to the account how would you record that I
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
    		  
    #2

    Nov 6, 2010, 12:50 PM

    What kind of supplies are you talking about? It could be office supplies, supplies that go into the manufacture of an item, etc? Do you know the original entry when the supplies were used? Do you know why they were returned?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

If supplies expense is a debit? What account gets credited? [ 2 Answers ]

I am having a problem with understanding what account gets credited if the supplies expense is a debit. In the problem, there is a supplies expense of 0, but after adjustments the supplies expense is 3300. There is no supplies payable account; only accounts payable, interest payable, rent...

An accountant has debited an asset account for $1,000 and credited a liability accoun [ 1 Answers ]

An accountant has debited an asset account for $1,000 and credited a liability account for $500. What can be done to complete the recording of the transaction? a. Nothing further must be done. b. Credit a different asset account for $500. c. Debit a stockholders’ equity account for $500. d....

How to record returned fixed asset [ 1 Answers ]

6th july 2009 - cost of 2 unit water filter - 10000 26th aug 2009 - returned 1 unit water filter How to capture the entry Thank you Please reply. [email protected]

How do I record petty cash that has been returned [ 5 Answers ]

I have an established petty cash fund that is being returned. I know I need to debit the cash I've received back (1.48) as well as debit the expenses (48.53) and then credit the petty cash fund for 50.01 in order to zero out the fund. However, my net cash is affected - what other account(s) do I...

How to post a debit and credit for returned supplies? [ 1 Answers ]

Returned a portion of the office supplies purchased on November 2, receiving full credit for their cost $250. I think I would credit accounts payable and credit supplies expense? Please help.

View more questions Search