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Overright of invoice

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(Querist)
18 February 2014 We had received short material against a invoice. suppose invoice is for Rs.5000/- and material received is for Rs. 4900/- .

Can we directly overright the original invoice for Rs. 4900/- and book the invoice? what is the treatment or accounting rule?
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Vishnu Saboo

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Vishnu Saboo (Expert)
28 February 2014 better to give credit to party for ful amount, and then pass a debit note for short receipt

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