Rejection Note
Created by: Abhi1tb
REJECTION NOTE
When goods are returned by a customer a (Goods) Rejection In Note is prepared. When goods are returned to a supplier then (Goods) Rejection Out Note is prepared.
Contents of Rejection In Note:
- Rejection In Note No.
- Date
- Customer Name
- Customer Address
- Customer TIN No.
- Date and Number of the Original Invoice (against which goods are returned)
- If Invoice is not prepared then Delivery Out No. and its Date.
- Name of the Godown from which original delivery was made.
- Name of the Godown in which goods are received.
- Transaction Type (whether approval, consignment, free replacement, sale, sample).
- Then there will be serialized list of items returned and the quantity of each item.
Note:
- Customer address and TIN may be left blank by the user.
- Either Invoice No or Goods Delivery Out Note No. and its date must be entered. Both cannot be blank.
- If the Transaction Type of original Invoice or Delivery Out Note is any one of approval, free replacement or sample, no further documentation will be done and no entry passed in the financial transaction only receipt of goods will be recorded in the Inventory.
If the Invoice is prepared then a Sale Return transaction will be recorded in the financial accounts. For this Sale Return Note No will be prepared. It will have the same fields as Sale Invoice. The details of rate for each item, the tax levied and the net amount and tax amount etc will be recorded. In this record, not only the value of goods returned will be entered but also the Sales Tax or VAT or GST will be included (at the same rate as charged in the original invoice).
If Invoice is not prepared then a Sale Return transaction will not be recorded.
Similar treatment is to be given for Rejection Out.
Imported comments:
By Krishnakant on 2017-06-15T08:58:41.988Z
duplicate with #308 (closed) assigned to Bhavesh.
By Krishnakant on 2017-06-15T08:58:11.412Z
closed
By Prajkta Patkar on 2017-05-31T09:17:24.635Z
assigned to @vaibspidy