tally

This query is : Resolved

Share Report Follow Query Ask a Query

rajesh

rajesh (Querist)
Follow

30 October 2010 define credit&debit note in tally,
i mean what are the entries passed in debit note & credit note

CA Ankit Shah

CA Ankit Shah (Expert)
Follow

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.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

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)

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

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

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Manoj Sharma

Dalbir Singh Wadhera

Hanuma Yanduri

Sagar Khakhiwala

Phani

Subscribe Now

tally

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA