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credit note

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2011 if my distributors sales me a product and give its invoice in invoice he deduct disscount on total payable value and less it from total
and also after he send credit note of that discount value so, how to do the entry of discount

100 total
10 discount
90 payable

sending credit note to me of rs. 10/-

how to d0 entry with ledger & group

do i have to entry in debit note in my account of anything else

thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 January 2011 create Discount as Ledger under indirect income group and credit the discount
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