Celebrate Freedom with 10% OFF on CAclubindia Pro Membership. Subscribe Now!

Debit note Date

223 views

Save Share

Hitesh rawal

402 Points Posted on 05 October 2020

On what date i should account the debit on the date in which eway bill is made on delivery challan or on the day when the purchase party is accountig as credit note in his books example in september delivery challan is done with eway bill and credit note is made by party is in october so when should i account it in books can i account in october or in september movement of goods took place.

Replies (2)

Quick Summary

This discussion addresses the correct date for accounting a debit note. The core question is whether to record it on the date of the E-way bill/delivery challan or when the purchasing party records it as a credit note. The consensus is that the debit note should be accounted for on the date it is issued, reflecting the movement of goods.