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
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can you give a answer of below question bco'z I think I will confuse u or i am confused? suppose u deposit amt 50000 ( for one Year) on which u get 4%int per annuam (simple int) give me a journal entry for int ?
suppose you are going to start new financial year then What treatment you will do of previous year balence sheet ( like previous year prepaid,provision etc) in current financial year.
Answered but misspelled pl correct SPENT BUT NOT INCURRED(ANS.DIAPERP PXE)
Expand---------TCSS
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EXPAND______________RTI
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