Purchase Refund
A Purchase Refund can be created from a Purchase Credit Note or a Purchase Payment on Account.
You can receive a full or partial refund in the same currency as the originating Transaction. On foreign currency transactions, any difference will generate an FX Gain or Loss.
POSTING RULE
| Code | Name | Debit | Credit |
| PR | Purchase Refund | [Bank Account] | Accounts Payable |
The Debit is into a Bank Account Nominal Code, which is flexible; the Credit must be always against Accounts Payable.
There is only a single line entry for a Purchase Refund.
