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refund
Account Reconciliation
adjusting entries
adjustments
Prepayment
Sage 50 CA
Sage 50 Canada Training
Sage 50 Canadian Edition
Refund of prepayment
Musi
I made a prepayment to a vendor and recorded it. However, the vendor has now refunded the amount back to us. I'm not sure how to account for it at the moment, but the refunded amount has been deposited into our bank. any guidance?
Answered
1 month ago
Sage 50 Canada
Reconciliation and Banking