Debit Note is a document issued to a party stating that you are debiting their Account in your Books of Accounts for the stated reason or vice versa. It is commonly used in case of Purchase Returns, Escalation/De-escalation in price, any other expenses incurred by you on behalf of the party etc.
All features and functions of Purchase Voucher and Debit Note Voucher are same. So just like Purchase Voucher, you can record transaction in Debit Note either in Accounting Invoice or Item Invoice.
A Debit Note can be entered in voucher or Invoice mode (either Accounting / Items). Debit Note can be entered in voucher or Invoice mode.
You need to enable the feature in F11: Accounting or Inventory features .
To go to Debit Note Entry Screen,
Pass an entry for the goods Purchased Returned to Supplier ACER India Ltd.:
This Debit Note will pass through Item Invoice ( by pressing ALT+I).
The Supplier ‘Intel Solutions’ (local supplier) given Scheme Incentive for the given month for Rs. 50,000 with GST adjustment @ 18% .
This Debit Note will pass through Accounting Invoice ( by pressing ALT+I).
Note:
Click ... here For Ledger creation of ‘Scheme Incentive’ under Other Income as given in above image...
Record the following Purchase Return Transactions under Debit Note ( CTRL+F9) with GST Adjustment
DEBIT NOTE / PURCHASE RETURN [Ctrl + F9]
Transactions
22/4/2020
Following item purchased found defective and Return back to ACER India ltd. with GST (SGST 4550 and CGST 4550)
1 Nos.
32,500
12/6/2020
Following Items are Returned to Intel Solutions due to used products with GST (SGST 855 and CGST 855)
5000
Processor Intel
4500
29/7/2020
Following item Returned back to Radiant Techno Ltd. because of high price with GST (SGST 450 and CGST 450)
2,500
30/7/2020
Purchase the following Items and now Returned to Thakral Infotech Ltd. due to Sample product with IGST Rs.636
2100
RAM 8 GB
3200
5/8/2020
Following Items Purchased from Shree Enterprises and now Returned back with GST (SGST 145 and CGST 145)
800
Windows Xp
10/8/2020
A Scheme Incentive of Rs. 10,000 was received from Intel Solution with GST Adjustment @18% [ Record this in Accounting Invoice – ALT+i]
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