example: thing that u have order 100 goods from the vendor,
and he delivered only 80 goods,but he invoice u for 100
goods, then what will be u doing in this suitation?
Answer Posted / srinivas annavarapu
In this case first we will raise a debit note and ask the
vendor to issue Credit note for the same if we are ok with
80 qty and we will pay only for 80 qty.
If we require the balance 20 qty also, then for time being
we will raise a debit note and wait for the balance 20 qty
supply. Once we recd. the balance qty then we have to
reverse the debit note we raised earlier.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what are responsibilities of an accountant in a company?
why may types of accounts
Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
what happens to each of the three primary financial statements when gross margin decreases?
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
what is your achievements?
What is a Balance Sheet & Profit & Loss Account?
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
When is a dedit note raised When is an expense booked
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
What is back value adjustment/correction in Nostro Reconciliations?
what is dieerence between capital cpapital structure
Short Answer on ________Adjusting Entries