what is Debit note and Credit Note ?
Answers were Sorted based on User's Feedback
Answer / j.rajesh
When purchase returns occurred, Debit note will be issued.
When sales returns occurred, Credit note will be issued.
| Is This Answer Correct ? | 32 Yes | 2 No |
When purchase returns occurred, Debit note will be issued.
When sales returns occurred, Credit note will be issued.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mehtab ahmad
debit note is made when sales made by us is returned to us
whereas credit note is made when we returned our purchases
| Is This Answer Correct ? | 2 Yes | 6 No |
what is importance of accounting?
What do you mean by Leverage?
What cost-cutting measures have you implemented?
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
what is buy back of share & why a company go for it?
is outstanding items (either expences or incomes) comes in trial balance? if so how to treat them in financial statements
What is deferred revenue?
WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS.
What is meant by undercast and overcast in accountancy? Explain with some transactions and their corresponding journal entries.
vwhy a variable cost is said to be variable?
TDS is for claming purpose or for filing purpose.
how to maintain stock if any entry mismatch pllzz tell me short cut