Journal Entry of credit note for Price dropp in Products


This query is : Resolved 

Quick Summary
This discussion explains how to record a credit note received for a price decrease on five electronic products. The recommended journal entry involves crediting the stock account and debiting sundry creditors. This ensures that the value of the stock is reduced accordingly, reflecting the actual cost of the items.

(Querist)
16 January 2023 We Have Received Credit note For Price dropp in electronics item for five products
how to do journal entry ?, so that price will be decreased for every five products .

17 January 2023 Credit electronic items capital goods,
Debit sundry creditors.

Javed Memon (Querist)
17 January 2023 Item Purchased For Sales , Stock Maintained Item Wise

17 January 2023 Credit stock in such a case.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details