Debit note
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2012
i am a manufacturer and my product is a powder which packed in plastic bags,which is purchase from traders.
last my debtors has give me debit not which is for plastic bags which i have sent him by sales as scrap with VAT amount.
how to do entry of debit note in my accounts if don't purchase any bags ?
thanks
last my debtors has give me debit not which is for plastic bags which i have sent him by sales as scrap with VAT amount.
how to do entry of debit note in my accounts if don't purchase any bags ?
thanks
Amol S Joglekar
(Expert)
19 December 2012
If the debit note is agreeable to you, enter the same
Debit Selling Expenses
Credit Debtor's account.
(This is with the assumption that the amount is small as compared to the invoice value)
Debit Selling Expenses
Credit Debtor's account.
(This is with the assumption that the amount is small as compared to the invoice value)
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