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Rejections in and Debit note in tally Prime

947 views 1 replies

CRR RR

42 Points Joined October 2024

Hi Sir

Could I know the difference between Rejections in and Debit note vouchers in Tally pre

Under What circumstances we need to use these two vouchers in tally prime

Please advise

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9489 Points Joined December 2011

In TallyPrime, "Rejection In" and "Debit Note" vouchers serve different purposes: Rejection In Voucher: - Used to account for goods returned by customers due to defects, damage, or other reasons. - Reduces sales and inventory values. - Typically used in sales returns or goods rejection scenarios. Debit Note Voucher: - Used to account for additional charges or expenses incurred after the initial invoice has been raised. - Increases the initial invoice value. - Typically used in scenarios like: - Additional goods or services provided. - Price corrections or revisions. - Expenses incurred after the initial invoice. Key differences: - Purpose: Rejection In is for goods returns, while Debit

Note is for additional charges or expenses. - Impact on sales and inventory: Rejection In reduces sales and inventory, while Debit Note increases the initial invoice value. - Usage scenarios:

Rejection In is used for sales returns, while Debit Note is used for additional charges or expenses.

When to use each: - Use Rejection In when you need to account for goods returned by customers. -

Use Debit Note when you need to account for additional charges or expenses incurred after the initial invoice.

Consult a tax professional or accountant for specific guidance on using these vouchers in your business transactions.

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