what is the difference between credit and debit note?

Answer Posted / rose

credit notes are issued when there is an overcharge(too
much has been charge),
debit notes are issued when the business has undercharged a
customer in some way(less is been charge).

Is This Answer Correct ?    18 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------PCDB

1580


i have need full detail of tds rules and forms submitted dovetails

1569


WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME

1387


what is forecast

1115


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1451






Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1454


how to do the recurring entries or steps to follow that

1508


how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1465


How and by whom the Percentage of Depreciation is fixing?

1956


What part can management policy play in the analysis of cost behaviour?

1643


Breif notes about accounting standards

2597


Examples of automatic generated content material of car logbook loans?

1332


what is cnc machine hour rate? how it is calculated?

4523


What are the objectives of accounting

1483


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 ?

1786