Pehle mujhe lagta tha ki debit note sirf buyer hi issue krta hai aur credit note sirf seller. But abhi understand ki dono party hi situation anusar dono note issue kr sakta hai. Thank you sir
Sir does that work between Supplier , trader and customer? Like if the customer found the goods to be damaged he got to send a debit note to the trader ???
Generally seller send credit note, If you have returned some products from your order and if the bill amount is mistakenly higher then actual amount or any kind of price reduction to invoice. It means either you will get some money back or there will be reduction to invoice.
Sir please bataye maine credit note banaya but stock galat le liya sag rod lena thha but maine foundation bolt le liya toh kya hum credit note jjise hum e invoice kr chuke hai kya ham ise cancel kar sakte hai
Sir ek debit note issue kiya tha 53000/- ka but uska e way bill nahi banaya hai aur gadi check ho gyi .debit note voucher type me bana hai. Ab kya karna chahiye
Eway bill is must when there is movement of goods worth more than 50000. And in your case particular you can show invoice/bill of supply/ chalian related to consignment goods with transporter ID and vehicle no to inspector and the power vested in him to guide you with further steps. There is a provision of penalty in case in both aspects monetary and non monetary so it's better to explain ur situation to inspector with above documents require to generate e way bill.
Maine kisi vendor ko PO DIYA 5000 rupaye ka freight ke liye but usne freight rasid hamko diya hai only 4000 rupaye ki aur invoice me usne pura 500 rupaye charge kiya hai to mujhe usko kitne rupaye dene chahiye aur usne 1000 rupaye ka credit note ussue kiya hai
No,as they are of opposite nature. In simple terms for understanding If a person becomes debtor then you need to issue debit note if it becomes your creditor then you need to issue credit note.
For example you sold goods of rupees 10000 and charged only 8500 rupees. And next month you issued 1500 rupees of debit note that means debit note is a money you claim to receive which you forgot earlier so due to debit note money will come into the business so when money will come into the business the profit will rise so as your net profit. And the same concept applies when as a buyer you make purchase return.
Thanks a lot sir.. but I have a doubt, when a person delivers goods worth Rs. 60000 instead of Rs. 50000 to the buyer, he seller must issue another invoice of Rs. 10000 instead of issuing debit note, is not it...??
I guess because seller has by mistake send 10000 rs extra goods instead of sending invoice he sends debit note to see whether he accepts it or not because after acceptance only the buyer will send back credit note.. Sending Invoice will lead to assumption that buyer is going accept extra goods so let me give him bill.. Incase if buyer rejects extra goods he will send it back nd will not accept debit note
A document which is generally a proof that you actually have purchased or sale something with detail of product and its value. And generally this is the base of sales and purchase records.
Pehle mujhe lagta tha ki debit note sirf buyer hi issue krta hai aur credit note sirf seller. But abhi understand ki dono party hi situation anusar dono note issue kr sakta hai. Thank you sir
You are always welcome.
Main vi aisa hi sochta tha
Same😂❤
Thank you for teaching so nicely in 5 mins, which other channels could not even do in 15 mins.
Thanku sir soo much apke samjana ta trika bohat acha mai paanch saal baad apki video dekh rha hu par fayda muje Aaj bhi huya hai
Thank you.
Point to point baat kiya hai aur samajhne me bahut aasan hua concept
Thank you.
Such great teaching .....but whenever wil Teach to everyone ..you explain with example ...it's great job
Thank you so much.
आपने बहुत ही अच्छा से समझाया,बहुत-बहुत शुक्रिया आपको
sir aap bohat achhi tarah se samjhate ho. aap plz jo intreview ke liye basic accounting qutions he uske upr video banaiye ye hame help hogi
Thank you so much for your appreciation here is the link of the video you are talking about.
th-cam.com/video/k4kXQDfza-U/w-d-xo.html
Sir your way of teaching is very good mujhe iss topic ne bht confuse kiya but your video clear this topic very very thanks
You are always welcome.
Nyc vdo ..thnkew sir for the help Debit note and credit note ki knowledge dene ke lie and doubt clear krne ke lie
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nice and crisp very useful .....keep going
Best explanation ,❤
This video clear my concept regarding debit and credit notes thanks alot
You are always welcome.
Sir ur teaching is great,,,i have seen many videos on accounts subjects,, ur teaching clears all my doubts ,,thank you...sir
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It was important for me
As I am studying for CPT
Very simply you made me understand sir.
Thank you so much.
Very clarified explanation!!! thank you sir☺
TQ Sooo much Sir 👌 for giving this video ....🙏🤩🤩
Lucid explanation.Thank you.
Totally understandable vodeo
Thank you for your appreciation.
Thanx brilliant teacher
Nice thanks for information bhaiyaa
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Clear understanding ..thank you so much
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Thank q bhaii pic se explain karne k liye
Concept बन गया
It's really useful for me.. tyvm for giving such a useful content 👌👌👍👍
You are always welcome.
Thank you so much sir
U explain it very well thanks a lot
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Thanks for sharing your great knowledge
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Really well explain
Wonderful way of presentation nd explanation tqqqq do more videos
😂😂dekh thoda kya likha hai tughe genrel padhne ki jarorat hai😂 4:47
Awesome ,tq u sir
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Very nice way to explain
Thank you.
Thank for your explanation brother.
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Awesome ha sir
Nice video sir ji.
Very conceptual class
Thank you.
Best video 👍
Thank you for your appreciation.
Nice explanation wonderful
Thank you for your appreciation.
What a express wow sir nice
❤❤
Sir does that work between Supplier , trader and customer? Like if the customer found the goods to be damaged he got to send a debit note to the trader ???
Great explanation
Very nice explanation
Very clarified explanation 😇
Thank you.
Thank you sir
Excellent 👍 keep it up
Video bhot achi lagi sir
Thank you.
Nice brother...👏👏
Thank you.
Cleared sir
Great way to teach .. thank you
Best explanation 🙏🏻👍🏻
Thanks sir, well understood.
You are always welcome.
In case of Purchas order can i issue debit note to vendor? If raw material is provided by me to him.
excellent explaination
Thank you.
Mja ayga sr 😁😁🙏
Thank you.
Very useful sir
Bahat achhe bhai
thanku so much sir for simple explanation
You are always welcome.
Well explained sir
Wonderful explanation MashAllah
Thank you for your appreciation.
Very nice sir
Thank you sir it is a good video and your way of teaching is also appreciable
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Thnku sir❤
You are always welcome.
bahot achha explanation
Thank you.
Nice☺☺☺
Thank you.
Hey sir incase seller less goods sale karta hai n wo return karte hai money in this case which entry to pass? Very imp
thnaqqqq sir
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Sir mujhe Flipkart seller se ek credit note aaya hai.. uska meaning samaj mai nahi aa raha hain.. reply fast pleas
Generally seller send credit note, If you have returned some products from your order and if the bill amount is mistakenly higher then actual amount or any kind of price reduction to invoice.
It means either you will get some money back or there will be reduction to invoice.
Very important for me sir
Thank you so much.
Nice sir ❤
Sir please bataye maine credit note banaya but stock galat le liya sag rod lena thha but maine foundation bolt le liya toh kya hum credit note jjise hum e invoice kr chuke hai kya ham ise cancel kar sakte hai
Sir sales debit ma ayegi ya credit ma?
Thanks sir 😊
Thanks a lot.
You are always welcome.
Thanks sir
You are always welcome.
Thank sir
Sir ek debit note issue kiya tha 53000/- ka but uska e way bill nahi banaya hai aur gadi check ho gyi .debit note voucher type me bana hai. Ab kya karna chahiye
Eway bill is must when there is movement of goods worth more than 50000. And in your case particular you can show invoice/bill of supply/ chalian related to consignment goods with transporter ID and vehicle no to inspector and the power vested in him to guide you with further steps.
There is a provision of penalty in case in both aspects monetary and non monetary so it's better to explain ur situation to inspector with above documents require to generate e way bill.
Thanks sir🥰🥰🥰
You are always welcome.
Very nyc vdo
ThanQ Sir 🙏
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Nyc explain
Sir triple column cash book ka ek video bana dijiye please.. Jan 15 se pahle 😢
TYSM
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Great
Thank you.
Thanks 🙏🙏🙏🙏🙏🙏🙏🙏
Can i have the entries for the cases explained by you
Sir full basic finance accounting video banaye
Hi Imran, We have already created a video on this you can find the link of that video below:
th-cam.com/video/5y7ofIhXzbw/w-d-xo.html
Best...
Thank you.
I am watching it after 4 years
superb
Thank you.
Seller ne jab debit note bnaya buyer ka debit note no tha 1 buyer use appni book me kis no se credit note generate karega
Maine kisi vendor ko PO DIYA 5000 rupaye ka freight ke liye but usne freight rasid hamko diya hai only 4000 rupaye ki aur invoice me usne pura 500 rupaye charge kiya hai to mujhe usko kitne rupaye dene chahiye aur usne 1000 rupaye ka credit note ussue kiya hai
Debit note and credit note both are Samee or not
No,as they are of opposite nature. In simple terms for understanding If a person becomes debtor then you need to issue debit note if it becomes your creditor then you need to issue credit note.
Sir, When I post debit note in my accounting software then Net profit also increased, Why? Can you please explain Please sir..
For example you sold goods of rupees 10000 and charged only 8500 rupees. And next month you issued 1500 rupees of debit note that means debit note is a money you claim to receive which you forgot earlier so due to debit note money will come into the business so when money will come into the business the profit will rise so as your net profit.
And the same concept applies when as a buyer you make purchase return.
@@ONSSTUDYCIRCLE Thank you sir.
Thanks a lot sir.. but I have a doubt, when a person delivers goods worth Rs. 60000 instead of Rs. 50000 to the buyer, he seller must issue another invoice of Rs. 10000 instead of issuing debit note, is not it...??
Not possible
I guess because seller has by mistake send 10000 rs extra goods instead of sending invoice he sends debit note to see whether he accepts it or not because after acceptance only the buyer will send back credit note.. Sending Invoice will lead to assumption that buyer is going accept extra goods so let me give him bill.. Incase if buyer rejects extra goods he will send it back nd will not accept debit note
Keep it up
Thank you.
Good
Thank you for your appreciation.
If I already paid invoice and want to return some products due to damage .
Hlo sir you explained it very well 🙌 .. i want to ask what would the jounral entry of goods return?
Return Inwards A/c ... Dr
To Sales A/c
@@sambhrantpandey1251debtors a/c dr
To purchase return a/c
Nice
sir invoice kia hota
A document which is generally a proof that you actually have purchased or sale something with detail of product and its value. And generally this is the base of sales and purchase records.