What will be the journal entry in the case of Debit Memo
and Credit Memo?
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Answer / nurulla
for debit memo
supplier A/c Dr
To purchase returns A/c
thier is a number of causese for arrisisng debit memo
1) purchase returns
2) rate diffrence aggried price to invoice price
3) goods short recevied
for credit memo
sales returns A/c Dr
To customer A/c
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / kailashshakya
Debit memo is purchase return
&
Credit memo is sales return
| Is This Answer Correct ? | 7 Yes | 7 No |
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