Need Answer on when 'Sales and Purch.' Transaction takes Place esp. in "Cr.Notes & Dr.Notes"

This query is : Resolved

sugadeesh (Querist)
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31 May 2021 Respected Sir/Madam,

Greetings for the day. How are you All ?? Hope 'All are you Safe and All should be going Well at you End ??

I need more 'Clarity/Information' on:-

1) When a 'Sales and Purchase' Transactions take place and "Cr.Notes & a Debit Notes" is Involved:- Where does this 'Both get's Impacted / Affects as Well as Appears' in our "Books of Accounts" like:- 'in Trial Balance (or) P & L A/c (or) Balance Sheet' and 'What is the Treatment given against this '2' Notes............??

2) What will be the 'Effects / Treatment / Rules' in GST' Scenario ??

Can 'You Please throw Me more Lights (Clarity) on this recent Query.........' ??

Request to "Treat it as most Urgent and kindly give your Valuable Reply."

Be Safe and Take Care of You and Your Family.

May God bless Abundantly, be with All and have Mercy on All of Us.

Thanks and Regards
S.Sugadeesh Kumar