How to record Prepayment Received Back From Supplier
Last updated on DECEMBER 17, 2014
Applies to:Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.
We have a scenario here wherein a prepayment was for $100..Standard Invoice for $90 was raised and applied against the above prepayment.
Now we have net prepayment of $10 outstanding.
Supplier then returns this $10 and we wont be transacting with this supplier in future.
Wanted to check as to how should we treat this return of $10,
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