What is the Process for Credit Momo and Debit Memo in
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Answer Posted / sridharsdn@gmail.com
Credit Memo: Received amount for Sale of goods to my customer. Here entry is:
Customer A/c. Dr 10,000
To Sales A/c. Cr 10,000
In some reasons goods is partially damaged for example worth of Rs.1000. For this I issue Credit Memo to my customer for Rs.1,000/-.
And My customer issue Debit Memo by accepting the same amount.
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