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 Posted / 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 |
Post New Answer View All Answers
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
what is cost audit?
I want to know with example of vat & Salestax
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
which are the basic princeples of accountancy... with examples
What is Accommodation Bill
.,can someone tell me how to compute the subscribed capital share?
Is commodities transaction tax a permissible business expenditure? Explain
I need all WNS interview questions