Debit note
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2014
1):-on 1/4/2014 mr.hars purchased 20 computer @ 25000 each.excluding tax from k.g.enterprise on 30 days credit (purchase@4%)...total=500000+20000(vat)...
2):- on 10/4/2014 rejection of 5 computer and create debit note towards k.g.enterprise..
dr-k.g.enterprise 1300000
cr-purchase@4%(computer) 125000
cr-input vat@4%... 5000
3):-1/5/2014:-
what are the amount on which mr.hars is liable to pay interest on outstanding???????
2):- on 10/4/2014 rejection of 5 computer and create debit note towards k.g.enterprise..
dr-k.g.enterprise 1300000
cr-purchase@4%(computer) 125000
cr-input vat@4%... 5000
3):-1/5/2014:-
what are the amount on which mr.hars is liable to pay interest on outstanding???????
Amol S Joglekar
(Expert)
18 November 2014
The rejection terms WILL play a very important role in this.
Normally interest is payable on 520,000-130,000= 390,000
Normally interest is payable on 520,000-130,000= 390,000
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