Credit note or debit note????????????

WE HAVE DONE PAYMENT TO DEBTORS BY CHEQUE FOR ACHIVING TARGET IN A PERTICULAR QURTER SO CAN ANY BODY PLZ SUGGEST ME FOR THIS HOW TO BOOK THIS TRANSACTION IN TALLY PLZ SUGGEST ME SOON................................................

 

Replies (6)

Select Payment Voucher. Pass the entry as follows.

Debtors Account Dr...

                    to Bank Account.

 

its like a selling or marketing type of expenses if u have actually mader payment then entry will be

 sales promotion exp. a/c 

       To bank

 

if its by way of journal entry then

       sales promotion exp. a/c 

                To debtor a/c( and issue credit note for the same)

PLs write your query properly? Howz it possible that to achieve target you ar making payment to debtors...bcoz debtor is a person to whom we sell our goods & receives money from them. Now suppose if we have not recd money yet & our goods got rejected from their place..in that case we have to issue Credit note or if we have charged less amount then we can recover such amt by raising debit note.
 

In Tally if u want to account such entry through Dr.Note/Cr.Note , then you hace enable such function first by pressing F11.

Passing a credit note wont help...being the seller you'll be crediting debtors & debiting sales return...

Neways, if you have any cash sales you might pull this off.

1. Debtors a/c   dr

           To sales a/c

2. Sales return a/c dr          (this entry is assuming you have cash sales & you accept these 

           To bank a/c                 returns & you raise a credit note for that too)

being cash sales returned.

Then pass this entry in next quarter

3. bank a/c dr

           to debtors a/c

PLs write your query properly?

IT IS LIKE IF MY DEBTOR TO WHOM WE SALE OK & AFTER SELLING PERTICULER QTY OF GOODS WE PAY THEM MONEY IN CASH OR BY CHEQUE & WE R NOT ADJUSTING IT IN SALES A/C AND IT CREATES QUERIES IN AUDIT BCZ DEBTOR PARTY IS NOT READY TO GIVE ANY KIND OF SUPPORTING OR CREDIT NOTE OR DEBIT NOTE SO PLZ SUGGEST ME HOW TO BOOK IN TALLY AS WELL AS SUGGEST ME IS IT EFFECT OUR COMPANY IN CASE OF SCRUTINY BY IT DEPT. 

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