what is the difference between credit and debit note?

Answer Posted / vishal patel

Simply debit note is prepared by buyer and credit note is
prepared by seller.

Is This Answer Correct ?    15 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the procedure of interview question in genpact

1784


what is payment method?How many payment method we can assign to company code.

1255


how many types of practice accounts?

1556


hi guys, pls refer me how to preppare for Indian Bank exams.

1961


what is purchase tax in rajasthan.

1585






Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

1631


different between acconting and elective mathematics

1725


In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

1569


What was use of tally erp 9? Types of vat?

1186


how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

1637


what is the difference between f.f.s and c.f.s?

2119


what is a Depository Participant?

2586


In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?

1626


Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

1358


Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.

1614