Answer / joginder singh

. A transaction that reduces Amounts Receivable from a
customer is a credit memo.For eg. The customer could return
damaged goods.

A debit memo is a transaction that reduces Amounts Payable
to a vendor because, you send damaged goods back to your
vendor

Answer / maruthimuralidharan

Debit Note -  this note is prepared in order to debit a creditor.

Credit Note -  this note is prepared in order to credit a debtor.

Answer / raju

debit mean -the good sent to the suplier when it is damaged the good on the transport or excess of good then call as debit

how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

0 Answers   Essar,

---

6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

0 Answers  

---

A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

0 Answers   SEIL,

---

if Cheque bounced who issued to us and we posted to clear the check in bank, but returned, what entry can be made in tally(single entry system)

1 Answers  

---

we are going to purchase a new office/gala . we are using tally software. in above transction we have to pay stamp duty,ragistration fees etc. my question is uder which heads i enterd above exp in tally.

1 Answers  

---

What are non performing assets in banking?

2 Answers   Jammu and Kashmir Bank,

---

what does mean ledger

1 Answers  

---

what is come first debit or credit? means in the bussiness debit comes first or credit

4 Answers   Ernst Young,

---

I m considering BASIC + DA at the time of calculating EPF. Is it the right procedure?

2 Answers  

---

If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet

2 Answers  

---

how to prepare trial balance?

1 Answers  

---

I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers  

---