Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the difference between credit and debit note?

Answer Posted / thamim

CREDIT NOTE:

LIKE REDUCE THE ACCOUNTS RECEIVABLE - MATERIAL RETURN FROM
CUSTOMER SIDE


DEBIT NOTE:

LIKE PURCHASE RETURN

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is meant by advance ruling? What is the scheme of advance rulings?

2024


state and explain THREE types of situation to which accounting concept might be applicable

2127


Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

2013


Which Invoice issued on Central Sale Commercial or Retail?

2058


If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not

2080


Difference between cash and merchantile system?

2276


HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?

2013


do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

2121


What are the duties of sales tax department? Explain it

2230


Expand---------DEP

1955


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

2460


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1897


If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.

2209


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

2260


Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

1969