Your entry is wrong. Check again. It must be and will be:
Customer credit 10.00 -
Debit to Rebate A/c 10.00
Credit to Rebate a/c 10.00 -
Debit to Accrual a/c 10.00
The last two entries reverses the entries created by the invoices, viz
Debit rebate a/c 10.00
Credit to Accrual a/c 10.00 -
| | | ---------------Original Message---------------
From: DGirl
Sent: Wednesday, June 29, 2011 8:46 PM
Subject: Rebate Credit Memo request
Hi Rajan
Thank you for the response.
But the second line is creating 2 accounting entries(last 2 entries). Overall, the settlement for rebate credit memo looks like below and it seems incorrect. Can you advice ?
Customer credit 10.00 -
Debit to Accrual A/c 10.00
Dr to Rebate a/c 10.00 -
Credit to Accrual a/c 10.00
The original invoice has the following entries
Debit rebate a/c 10.00
Credit to Accrual a/c 10.00 - |
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| |  PSD Rajan
SAP Accounting Helper
Posted helpful replies on 5 threads in a group to earn a Bronze Achievement Popular White Papers
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