DEBIT NOTE, CREDIT NOTE TRANSACTIONS

SALE RETURN, PURCHASE RETURN,

DEBIT NOTE, CREDIT NOTE TRANSACTIONS

SALES RETURN VOUCHER

When goods are returned by a customer a Sales Return entry is passed

PURCHASE RETURN VOUCHER

When goods are returned to a supplier a Purchase Return entry is passed

CREDIT NOTE VOUCHER

When the price charged to a customer is reduced a Credit Note entry is passed

DEBIT NOTE VOUCHER

When the price charged by a supplier is reduced a Debit Note entry is passed

Manoj returned goods worth Rs. 3,000	Sales Return	Sales Return A/c....Dr.    Manoj A/c
Returned goods to Thomas worth Rs. 1,500	Purchase Return	Thomas A/c...........Dr     Purchase Return
Price of goods sold to Manoj reduced by Rs. 1,250	Credit Note	Sales Return A/c....Dr.      Manoj A/c
Thomas reduced the price of goods sold to us by Rs. 75	Debit Note	Thomas A/c .........Dr       Purchase Return