what is the difference between credit and debit note?
- 55 Answers
- 193206 Views
- Accenture, FMCG, Private, Redson, TATA, I also Faced
- E-Mail Answers
Answer Posted / suhasini modagi
Hello Sriramamurthy
u r totally wrong...i think u have entered it generally and
it is not the correct answer..
Credit note means sales return and debit note is purchase
return.
For credit note and debit note...refer to Uday's answer
which has been mentioned above i:e first answer
| Is This Answer Correct ? | 162 Yes | 30 No |
Post New Answer View All Answers
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
shares journal entries
what is investment banking
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Expand-------ANTS
What are direct income and indirect income
what did you mean by cash credit limit account ?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
What are the rates of Depreciation? Like machinery items, wooden items?
What are the objectives of accounting
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????
is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing
Expand---------PDBC
