what is the difference between credit and debit note?

Answer Posted / amir

credit note means when goods is returned from the buyer
then it is our liability and credit note is given to the
buyer regading salesreturn whereas debitnote is given by
the supplier when goods is returned to them by us

Is This Answer Correct ?    423 Yes 176 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is discounting accounting and why depriciation of assets are mention in dicounting accounting?

1617


where we have file E-returns in SAP FICO-CIN/Wtax?

2196


please give the sbi bank clerk exam paper model in last five years?

1768


how to prepare mba finance for interview questions

2125


What is Trade Recovery Estimate and how can we calculate it?

1512






A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c

1634


I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy

1682


What is meant by retiring Bill

1512


What is invoice accounting rules?

1345


What is Home Loan Modification?

1719


What is the defination of job costing, batch costing and contract costing?

3701


sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method

1909


Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?

1957


Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

1262


What is Spin-off & spilts

1594