Home Forum Accounting - Auditing Month 9 2020 2020 (9) This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Set off of Debtors and Creditors - Accounting - AuditingExtract Dear Seniors and Colleague I need your advice on Creditors/Debtors balance adjustment without payment.. 1. Our creditors are agree to give Credit note to waive off all the outstanding without any GST effect means Financial Credit Note 2. Similarity our debtors are also not in a position to pay and we accept to issue Credit Note from our Side without any GST effect means Financial Credit Note. What should precautions we have to take and what type of documentation we have to maintain for that. Please suggest with refering some laws.
|