tally
This query is : Resolved
30 October 2010
define credit&debit note in tally,
i mean what are the entries passed in debit note & credit note
i mean what are the entries passed in debit note & credit note
30 October 2010
CREDIT NOTE: Provided to you by ur creditor, it amount to income, you have to pay less to creditor. CREDIT NOTE made by creditor and you have to make debit side entry to creditor account.
REVERSE FOR DEBIT NOTE
Credit note to be consider as Income and Debit note to be consider as Expense.
REVERSE FOR DEBIT NOTE
Credit note to be consider as Income and Debit note to be consider as Expense.
30 October 2010
Credit note is issued by supplier in respect of Purchaser account has been credited in books, whereas debit note is a note issued by purchaser to supplier in respect of supplier
Account has been debited in books.
IN THE BOOKS OF SELLER:-
Debit note:-
By party a/c debit ----xxx
To sales a/c--------------xxx
To vat a/c---------------xxx
Credit note:-
BY SALES A/C Debit -----XXX
BY VAT A/C Debit -----XXX
TO PARTY A/C CR--------------XXX
(in the books of purchaser the journal entry opposite)
Account has been debited in books.
IN THE BOOKS OF SELLER:-
Debit note:-
By party a/c debit ----xxx
To sales a/c--------------xxx
To vat a/c---------------xxx
Credit note:-
BY SALES A/C Debit -----XXX
BY VAT A/C Debit -----XXX
TO PARTY A/C CR--------------XXX
(in the books of purchaser the journal entry opposite)
30 October 2010
for elobration please click the below mentioed path:-
https://www.mastchulbule.com/learning-tally-accounting/debit-note-and-credit-note-voucher-entries-in-tally-9-video_a649525f3.html
https://www.mastchulbule.com/learning-tally-accounting/debit-note-and-credit-note-voucher-entries-in-tally-9-video_a649525f3.html
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