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
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:
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Debit/ Credit Note |
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No. |
Date: |
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M/s ……………………………………………………………………………………………….. |
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Descriprion |
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Amount |
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We have Credited to your account towards commission against following invoices for the period from April to march 09 |
1,500.00 |
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Tax |
- |
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G Total |
1,500.00 |
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(Rupees one thousand five hundred only) |
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For X Y Z Limited |
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Auth. Signatory |
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CCI
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CAclubindia
