What will be the journal entry in the case of Debit Memo
and Credit Memo?
Answer Posted / kailashshakya
Debit memo is purchase return
&
Credit memo is sales return
| Is This Answer Correct ? | 7 Yes | 7 No |
Post New Answer View All Answers
Why company issue shares at discount as its a loss ?
What is partnership accounting?
What is balance sheet and off balance sheet?
In which term & condition excise invoice raises & for what excise invoice raise?
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
Please let me know Under head of Sales Advance?
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
How can do it TDS in accounts?
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?
what are the main important accounting entries for AP and AR ...
TDS %AGE ON CALLIBRATION CHARGES BILL
what is inter-company transaction? what is Inter-Branch transaction?
SHADOW BALANCE SHEET