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R&D refund.

TatieTatie AATQB Posts: 7
Dear All,
Could you advise where to post R&D refund, please?
Should it be debited to CT Acc?
Thank you in advance.

Answers

  • badhombrebadhombre Milton Keynes AAT Student, AATQB, AAT Licensed Bookkeeper Posts: 21
    Not come across this in practice myself but wouldn't it be better to posit it to the same GL account that was hit with the original R & D costs?
    Tatiedouglasstroud
  • arjunarjun Registered Posts: 12
    Dr: CT B/S or BS Other Debtors
    Cr: CT P&L
    Tatie
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