What is debit and credit note?



What is debit and credit note?..

Answer / Milan Kumar Mazumdar

A debit note is a commercial document issued by a seller to a buyer, acknowledging an unfulfilled or unsatisfactory delivery of goods or services. A credit note is a document issued by a seller to a buyer, reducing the amount owed by the buyer due to an overpayment, incorrect invoice, or return of goods.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Tell me deferred taxation is a part of which equity?

1 Answers  


What is a cpa?

1 Answers  


What is derivates and types of derivatives?

1 Answers  


what is indian currary (but not rupee) like bound etc...

1 Answers   Capital IQ,


when we have to use form 12ba in income tax with example

2 Answers   Genpact,


please explain briefly about account receivables and payables

2 Answers   Siemens, Wipro,


withdrew cash for domestic use ?

1 Answers  


accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

1 Answers   IBM,


Do you know what is double-entry accounting? Explain with an example?

1 Answers  


Explain the role of working capital in capital budgeting?

1 Answers   Capital IQ,


Private purchases amounting to rs 5000 have been debited to purchases account

1 Answers  


What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?

3 Answers   HCL, HP,


Categories