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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2014 suppose a co. purchase a machinery and it is under warranty period and they issued me credit note for this machinery so what is the accounting treatment for this ?
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2014 is there is no one who tell me this query ?
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CA Umesh kumar Mantri

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CA Umesh kumar Mantri (Expert)
05 April 2014 But Why they issued to Credit note against the Machinery?
IF they issued credit note as discount then u have to Debited the supplier of Machinery and credited to Machinery Account accordingly.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 April 2014 for replacement of machinery they issued me credit note not any discount allowed to me
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