If a purchase return or allowance occurs after the posting of the original voucher, the original voucher is cancelled.

Name: If a purchase return or allowance occurs after the posting of the original voucher, the original voucher is cancelled.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

When a purchase return or allowance occurs after the posting of the original voucher, the original voucher is cancelled to reverse the original transaction and record the return or allowance.

If a Purchase Return or Allowance Occurs After the Posting