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Debit note

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2012 Hi all,

should i adjust the last financial year Debit Note of a party in current financial year. is there any issue? if Yes, then what's that?
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CA Suresh Jain

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CA Suresh Jain (Expert)
28 September 2012 Practically speaking there is no issue to account for a debit note in this financial year which was issued by the party in previous financial year.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2012 Won't I have any audit issue for that?
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