banner_ad

How to correct creditor showing debit balance due to purchase return[URGENT]

This query is : Resolved 

01 September 2021 One of my creditor is showing a debit balance to the amount of his debit note(purchase return). The payments are already paid in full and no bill are adjusted can anyone help me how to post it in tally. If possible give journal entries.

01 September 2021 If the buyer has raised a debit note for purchase return, then the supplier is required to raise a credit note in respect of the same.
The credit balance of the buyer in the books of the supplier can either be settled by payment or by adjusting against future sales.

26 September 2021 You have to pass Credit Notes (itemwise) in Tally to account for purchase return by supplier


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details