How do I raise a debit note
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Answer / cmc_vaishnav@yahoo.com
Debit note is raised when purchase retd. It is like any bill
we make. debit the credito and credit pur + taxes + other
charges if any. In a word it is exactly the opposite format of
purchase bill. Debit notes also raised for interest on late
payment recd.
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Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
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