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Former Member
Jul 21, 2009 at 08:54 AM

invoice reduction


hi everyone,

Can you please help me with following

A vendor is issued a purchase order for 200 pieces at 10 UNI/pc and 10% tax. There was a goods receipt of 140 Pieces. The vendor sends an invoice for 200 pieces at 12 UNI/pc. What will be accounting entries for the invoice and credit memo, for partial reduction with quantity variance.

thanks in advance