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what is the journal entries of a debit/credit notes in the
books of seller and purchaser's A/C.
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Answer Posted / rajinder dhawan
Credit Note: Seller
( E.g) When we give any discount or sale return )
Discount Allowed/Sale Return xxxx ( Dr)
to Party Account xxxxx ( Cr)
Debit Note : Purchaser
( E.g When he received discount / purchase retrun to seller)
Party Account xxxxxx ( Dr)
to Discount Received/Purchase retunr xxxxx( Cr)
| Is This Answer Correct ? | 122 Yes | 13 No |
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