debit note
learner (nil) (243 Points)
21 October 2016
debit note received with bearing on it vat from seller what should be correct journal entry.
2 Replies
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 22 October 2016
Do revers entry against the bill claimed to seller.
learner
(nil)
(243 Points)
Replied 22 October 2016
sorry sir, it was received from buyer of haryana nt from seller, problem is that seller charged CST(5%) on sale but buyer issue debit note bearing VAT (2%).
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