i m purchasing some material from one company with tax
invoice & i m also doing work with them on commission
basic.Now what should i raised them? credit note or debit
note? Is there any format for that?
Answer / arvind
You shud not use dr. or cr. note. Rather u shud raise an
invoice for your commission.
Debit n Credit notes mainly used for Sale n purhase returns.
though in exceptional cases also like discount they used too
Is This Answer Correct ? | 1 Yes | 0 No |
A business unit disposes an old asset at a rate higher than its written down value. Then how it will be recorded and under what head of income
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
what is composition vat
Who would NOT be considered "independent" in the context of an independent examiner?
expand C T O
Whether the medical bills( both Hospitalization and out- patient)submitted and reimbursed to the service provider has not taken initially as value for the purpose of Service Tax, now demanding retrospectively i.e. from 2009-10 on wards(as Demanded by Service Tax Department). Whether Reimbursement is Service Tax chargeable?. Further, Vehicles were provided to them by the service recipient and the Fuel bills were directly paid to the Petrol bunk by the Service recipient. Is that also Service Tax chargeable?
Expand B E D
What is CMA Data? Explain in detail.
14 Answers Garware, KK Capital, MR Constructions, nsdl,
what is spin off?
2 Answers Capital IQ, Genpact, Wipro,
EXPAND_______________TOT
what is revaluation of assets and liabilities?
Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges?