CREDIT NOTE FOR FREIGHT ON GOODS RETURNED

This query is : Resolved

RpM_Jagpreet Bhatia (Querist)
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15 November 2019 SIR,
I SOLD GOODS TO PARTY ON TO PAY BASIS.
THEY RETURNED SOME AND SENT ME A DEBIT NOTE
AND NOW THEY ARE HOLDING ON THE FRIEGHT AMOUNT
AND I WAS ASKED TO MAKE A CREDIT NOTE FOR FRIEGHT
WHAT SHOULD BE THE ENTRY IN TALLY

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN (Expert)
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15 November 2019 At the time of sales you are supposed to pass the following entry.

Customer account Debit
Sales credit ( Basic amount) Credit
GST Credit
Forwarding charges recovery ( income) Credit

Now you are reversing freight recovery by raising CN
Forwarding charges recovery Debit
Customer Credit

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CREDIT NOTE FOR FREIGHT ON GOODS RETURNED

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