what is the difference between credit and debit note?
Answer Posted / sudheer raj
debit not means purchase return and credit not means sales
return
debit not is preppard by byuer to his supplier and credit
not is vice versa
| Is This Answer Correct ? | 20 Yes | 12 No |
Post New Answer View All Answers
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
Distinguish value andPrice
What will be entry pass in tally if TDS paid by Credit Card.?
What's the meaning of Preferential Creditor?
What is Accounting on Computers
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
Expand------------STRA
Clasify capital
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Which Invoice issued on Central Sale Commercial or Retail?
Distinguish capital and Revenue receipts
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.