Debit and credit note
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2013
is it mandatory to issue credit note for purchase (discounts) and debit note for sales discounts?
can journals be passed for purchase discounts and sales discounts
can journals be passed for purchase discounts and sales discounts
CA Parul Saxena
(Expert)
09 March 2013
not mandatory but generally debit and credit notes are issued...
sharma.ctc@gmail.com
(Expert)
09 March 2013
Its not mandatory, but it for the information and proof of the opposite party that the debit/credit entry has been passed in their name and similarly they can also adjust the accounts on the basis of the same.
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