Check sibling questions
A LTD
Sales 300000
(1500 KG*200)  
 +   VAT 5% 15000
  315000

Suppose Company issued a Credit Note to A Ltd for Turnover Discount as follows

A LTD
Turnover discount 15000
 +   VAT 5% 750
  15750

Pass entry for Sales ,payment and Discount given

Will we issue Debit Note or Credit Note

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.