Debit note

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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

Amol S Joglekar

Amol S Joglekar (Expert)
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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)

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