CREDIT NOTE

PRITI RUPAREL (ACCOUNTANT) (193 Points)

09 July 2009

Hi Friends,

Can anyone provide me the basic format of "CREDIT NOTE", which is to be issued against payment of Commission.

Also inform m e whether we have to collect DEBIT NOTE from that person or I can issue him CRDIT NOTE.

What is the correct way as per accounting policy.

Thanks..

PREETI

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(Guest)

No need to issue a credit note against receipt of Debit Note.

(Guest)

If you are using Tally then use feature Debit Note/ Credit Note and take print of it in Duplicate otherwise you can draft it in Excel as following:

	Debit/ Credit Note



No.		Date:

M/s ………………………………………………………………………………………………..

Descriprion			Amount

We have Credited to your account towards commission against following invoices for the period from April to march 09			1,500.00
		Tax	-
		G Total	1,500.00
(Rupees one thousand five hundred only)

		For X Y Z Limited


		Auth. Signatory