After a week ABC Ltd understood that some books were no demand in the market at all. All the books is delivered to ABC Ltd and stored in godown. On 01-06-2016 ABC Ltd a book dealer purchased 1000 books from Alpha Publishers as per Bill No Ap/205. You can issue a debit note to a Sundry debtors or sundry creditors where there is a situation that the party owes some amounts to us.In such case buyer will issue a debit note debiting supplier account in return of a credit note by seller. If the buyer achieve such target, A special rate will be allowable. DN issues In case of bulk purchase schemes, normally seller raise scheme for bulk purchase in a particular time frame.When there is a price difference in invoice.Any expense met by us on behalf of any parties (sundry debtors and sundry creditors).The buyer will make payment only after deducting such amount. This means that the amount debited should be given back to the buyer or in other words the amount debited in seller’s books shall be adjusted in the ledger account of the buyer. As far as the buyer is concerned it is a purchase return.In Such a situation the buyer shall prepare a debit note with the amount of returning goods along with GST and sent to the seller. Debit note used for purchase return of goods with GSTįor example Buyer is returning some goods to the seller Due to damage or some other reason.
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