Credit note

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2014 Dear Sir,
Where to fill amount of Credit note received by Cement dealer in Part P&L of itr4.

Whether I should add it with sales amount
or
I should fill it in col. 2(x) - any other income.

Please clarify.

CA Parul Saxena

CA Parul Saxena (Expert)
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06 August 2014 just add it with sales amount.

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2014 However accountent has put the credit note amount in Cr. side of p&l a/c.

If I adds it with sales, then whether it will not create inconsistency with audit report?

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