Debit note and credit note
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2014
Hello Everyone,
I wanted to know the entries for Debit note and credit note.
when this both will come into picture?
Regards,
Chirag
I wanted to know the entries for Debit note and credit note.
when this both will come into picture?
Regards,
Chirag
27 September 2014
when you have to debit any sum to vendor or customer, you need to raise debit note.
similarly when you need to give credit to party, raise Credit note.
Debit note entry
Party A/c
To respective GL
Credit note
Respective Gl Dr
To party
similarly when you need to give credit to party, raise Credit note.
Debit note entry
Party A/c
To respective GL
Credit note
Respective Gl Dr
To party
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2014
1) If purchaser has return the goods to the seller what would be the entry?
2)Or if Goods sold by seller is received back from customer?
Regards,
Chirag
2)Or if Goods sold by seller is received back from customer?
Regards,
Chirag
27 September 2014
1- Party a/c dr
to Purchases
2- Sale dr
To Party
to Purchases
2- Sale dr
To Party
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
