Receipt / payment in multi branch accounting

Making payment from head office against a purchase made at branch. In tally, you need to create two vouchers to account this transaction. First login to the head office tally and create a payment voucher. Select the account from which you pay (Cash or bank) and debit the branch account in which the purchase has […]

What is debit note and credit note?

A debit note, as its name indicates, debits a party ledger and credit note credits a party ledger. The accounts law, states that “Debit the receiver” and “Credit the giver”. If you want to give an additional discount to your customer or receives a sales return from a customer, then you need to credit the […]