CREDIT NOTE

15181 views 2 replies

Hi Friends,

Can anyone provide me the basic format of "CREDIT NOTE", which is to be issued against payment of Commission.

Also inform m e whether we have to collect DEBIT NOTE from that person or I can issue him CRDIT NOTE.

What is the correct way as per accounting policy.

Thanks..

PREETI

Replies (2)

No need to issue a credit note against receipt of  Debit Note.

If you are using Tally then use feature Debit Note/ Credit Note and take  print of it  in Duplicate otherwise you can draft it in Excel as following:

 

 

 

 

Debit/ Credit Note

 

 

 

         

 

 

         

 

 

         

 

No.

       

Date:

 

 

         

 

M/s ………………………………………………………………………………………………..

 

 

         

 

Descriprion

 

 

 

 

Amount

 

         

 

We have Credited to your account towards commission against following invoices for the period from April to march 09

      1,500.00

 

 

 

 

 

Tax

 -

 

 

 

 

 

G Total

    1,500.00

(Rupees one thousand five hundred only)

 

 

 

         

 

 

       

For X Y Z Limited

 

         

 

 

         

 

 

 

 

 

 

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