what is the difference between credit and debit note?
- 55 Answers
- 193039 Views
- Accenture, FMCG, Private, Redson, TATA, I also Faced
- E-Mail Answers
Answer Posted / spsiva.mba
Debit Note:When goods are recived from the supplier, the
supplier account is credited.When goods are returned the
supplier account is debited, so in case of purchase returns
a debit note is prepared. It should contain all the details
of purchase returns.Generally a debit note will be made in
duplicate, one will be sent to the customer and other will
be kept as office copy.
Credit Note: It is a statement sent by theen seller to his
customer intimating that, his account has been credited
with the amount of goods return by him or any other
allowences granted to him.
| Is This Answer Correct ? | 90 Yes | 36 No |
Post New Answer View All Answers
how will you create the posting periods 3 and 5 or 5and 7?
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP
Expand---------OST
Expand------------STRA
what is sales life cycle???
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
Short Answer on ______Amortization
what do u mean by single error and double error in accointing errors?
how an accountant can do budgetery controls of expenses?
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.
What is the GDP growth?
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
what is duties and responsibilities for clark working in sbi
How shall I calculate the true profit of my business, as I am a layman for accounting.
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
