Interested to Buy Any Domain ? << Click Here >> for more details...
why debit notes and credit notes are passed?
- 12 Answers
- 44277 Views
- IBM, TCS, I also Faced
- E-Mail Answers
Answer Posted / prakash
When we sale the goods. we increase our debtors.vis-a-vis
when we purchase goods we increase our creditors.
at same time when goods return from debtors due to any
reason we must credited there a/c. that's why raised
credit note.
and when we return the goods to creditors due to any reason
we must debited there a/c.that's why issued debit note.
reason's are many if there is rate differance we are adjust
this differance also in debit & credit note.
| Is This Answer Correct ? | 3 Yes | 4 No |
Post New Answer View All Answers
What do mean by Computerization of accounts
what is investment banking
reason for difference in Balance sheet (Asset side & Liabilites side)
What are events occuring after the balancesheet date?
Do v call director in the partnership firm?
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
What is Mean By FRS for HQ reporting, How To Prepare?
Expand SCERT
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
paid two years rent N1200, bought Motor van for cash N3000
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
plz send me the accounting questions and answers of bank of america.
What is communicating
what are the important steps to take during the conversion of an accounting system.
which kind of expenses or Income will come under direct expenses or Income ?
