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Credit note for written off assets

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(Querist)
28 March 2020 Hi,

I have received credit notes from vendors after fully writing off of assets in books. What will be the treatment of this along with journal entry.
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Spurto Consultancy Services

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Spurto Consultancy Services (Expert)
29 March 2020 You have to treat the credit note as other income since the asset have been fully written off.

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Swati

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Swati (Querist)
29 March 2020 Thank you very much.




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