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.
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.
01 December 2009
Pass a credit note
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.
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.
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