Overright of invoice
This query is : Resolved
Jayant Tathe
(Querist)
18 February 2014
We had received short material against a invoice. suppose invoice is for Rs.5000/- and material received is for Rs. 4900/- .
Can we directly overright the original invoice for Rs. 4900/- and book the invoice? what is the treatment or accounting rule?
Can we directly overright the original invoice for Rs. 4900/- and book the invoice? what is the treatment or accounting rule?
Vishnu Saboo
(Expert)
28 February 2014
better to give credit to party for ful amount, and then pass a debit note for short receipt
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