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

Suppose Company paid 300000 in full settlement

Pass entry for Sales ,payment and Discount received

Will we issue Debit Note or Credit Note??

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  1. Tax Practical
  2. Practical VAT CST
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .