Patsypat20
Level 2

Discount

Hi,

I  need to issue on account credit for a client that we will be paying with our product, meaning they provided a service to us in return we will issue a sales credit.  When issuing this credit I did a gift certificate of 7000.00 but in balance sheet reflect as negative.  Is this correct?

I credit AR and debit gift certificate on the balance sheet.  

 

Thanks for the help!