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's the meaning of Preferential Creditor?
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
How to maintain Purchase Orders ? Please explain by proper format.
What is miscellaneous expense and when it is used
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
WhatIs the limit of duty exemption in smal scale industries.
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
what is Calculation of Gross Profit Or Gross Loss?
I want to know with example of vat & Salestax
ACCOUNTING CONCEPTS AND CONVENTIONS
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
What is account
Breif notes about accounting standards
What type of question generally asked in Brokerage Firm ?
What is the difference between payable and accrual