Credit Note

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2009 Dear Friends,

I need to write off one sale bill of previous year.

is it possible to pass a credit note for this?
because the accounts of previous year has already closed or it should be Bad debt.

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

01 December 2009 Pass a credit note

Amol Suresh Sinkar

Amol Suresh Sinkar (Expert)
Follow

01 December 2009 You Can Pass the Credit Note in the Current financial year also. But you can claim the Credit of Vat on Sales Return if the Goods are being Return within six month from the date of sales.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
Follow

13 December 2009 If the transaction is of goods return then credit note has to be passed. But in case its non recovery of sales proceeds then it should be transferred to bad debts.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MAYANK

Vivekanand Sagar

nilesh

yadagiri

Mohit Kumar

Subscribe Now

Credit Note

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA