what is mean by credit note and debit note?

Answer Posted / pauline

a debit note -this is a source document that is used to
correct an undercharge from sales of goods.
a credit note- it is a source document used to correct an
overcharge from sales of goods.

Is This Answer Correct ?    10 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Straight line method to using Indian company names

1471


what is the procedure of interview question in genpact

1769


what is crisil?what is the advantage of crisil rating?

3208


impairment & Amortisation Means

1514


what is portfolio Saint?

1496






Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1464


total capital stock

1634


how to prepare HSD statements in tally

2184


Expand-------ANCS

1551


respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

1564


What is miscellaneous expense and when it is used

1668


When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

1678


what is general HR?

1616


explain the difference between LIFO and FIFO?

720


when apply for ragistred in central excise no

1390