what is the difference between credit and debit note?

Answer Posted / prabhu

Credit note is issued by supplier in respect of Purchaser
account has been credited in books, whereas debit note is a
note issued by purchaser to supplier in respect of supplier
account has been debited in books.

Is This Answer Correct ?    10 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.

1919


What is Budgeted capital ?

1533


what is the process of excise duty?

2038


what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2019


Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

1675






how to calculate share values of a company.

1678


what is Contra Asset?

11460


plz send me a solved paper on SBI of clerk post

1838


1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

1514


what are the financial ratios that a manager see in accounting?

1503


What is the Formula For Return on Working Capital

1726


what are the certificates needed at the time of SBI clerical interview?

1580


Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

1574


what is finance what is bpo why do u want join a BPO types of process in BPO Company's

1623


What is SOX

1699