In some cases our customers will return back the goods , Due to goods quality inferior , expires and damaged condition.
So that you have to enter this transactions (sales returns) in credit notes.
Gateway of tally>accounting vouchers>credit note(altF8)
Once your enter this transaction , the stock value will increase and outstanding due will decrease in that particular customers
As same as the above we will returns the goods to our suppliers, incase of the goods quality inferior , expires and damaged condition.
So that you have to enter this (purchase returns)transactions in debite notes .
Gateway of tally>accounting vouchers>debite note(alt+F9)
Once you enter this transaction , the payable amount to that particular supplier will decrease and the stock value will decrease.
sales and purchase returns
Click here for video on this topic
Looking for video for the above topic ?
Just make an online payment for Rs 150/- for the below a/c
A/c Name : Subramanyam
S.B.A/c No : 912010018059202
Name of Bank : Axis bank Ltd
Branch : South Mada st, Mylapore
Chennai 600 004
RTGS , NEFT, IFSC code : utib0001596