Need more Clarit on when 'Sales and Purchase' Transaction takes Place:- What is a Cr.Note & Dr.Note

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This query is : Resolved

sugadeesh (Querist)

31 May 2021 Respected Sir/Madam,

Greetings.

I really 'Thank you Thank you Thank Both of You' for your 'Concern; Valuable Time; Effort ; Sharing your Reply.' How so Kind both of You.

I understand 'but' the things is 'Sorry'---> I need more 'Clarity/Clarification' on:-

1) When a 'Sales' Transaction is Involved:- What is Cr.Note & a Debit Note ?? :-

"In this Scenario---> Where does this 'Both Impacts / Affects / Appears' in our "Books of Accounts." Like:- 'In P & L A/c; Balance Sheet' and 'What is the Treatment given against this '2' Notes............?? Secondly:- What will be the 'Effect / Treatment' in GST' Part also ?

2) When a 'Purchases' is Involved:- What is a Cr.Note & Debit Note ??

"In this Scenario also---> Where does this 'Both Impacts / Affects / Appears' in our "Books of Accounts." Like:- 'In P & L A/c; Balance Sheet' and 'What is the Treatment given against this '2' Notes............?? Secondly:- What will be the 'Effect / Treatment' in GST' Part also ?

Can 'You Please throw More Clarity on my recent Query.........' ??

Request to "Treat it as most Urgent and I look forward for your Valuable Reply."

Be Safe and Take Care of You and Your Family Always.

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

Thanks and Regards
S.Sugadeesh Kumar