debit & credit note
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2011
In which circumstitance we issued the debit & credit note? In that matter we take reverse the vat or excise to party .
27 June 2011
If we want to debit a party's a/c then we will issue debit note,lly if we want to credit a party's account then we will issue credit note.Yes in this case we will reverse VAT.Excise duty charged to that party.
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