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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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.