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dr/cr note

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(Querist)
22 May 2011 hi
i have sold goods to my customer at a lower selling price by mistake.
now i want to recover the balance amount from my customer .So will i issue DEBIT or CREDIT NOTE?????
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 May 2011 Debit Note. As a result the customer will be debited with differential amount due to lower selling price.
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faru faru

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faru faru (Querist)
22 May 2011 further one more query...
suppose he hasnt made me the payment yet ...so still should i send a debit note or send a revised invoice.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 May 2011 Since the respective entries must have been made in the books debit note is advisable.
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