CREDIT NOTE

Others 15097 views 2 replies

ACCOUNTANT

193 Points Joined December 2008

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)

Guest

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

Guest

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


		Auth. Signatory