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what is Debit note and Credit Note ?
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Answer / j.rajesh
When purchase returns occurred, Debit note will be issued.
When sales returns occurred, Credit note will be issued.
| Is This Answer Correct ? | 32 Yes | 2 No |
When purchase returns occurred, Debit note will be issued.
When sales returns occurred, Credit note will be issued.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mehtab ahmad
debit note is made when sales made by us is returned to us
whereas credit note is made when we returned our purchases
| Is This Answer Correct ? | 2 Yes | 6 No |
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The following are details of an invoice from a foreign supplier of goods: 20 pieces of item X @ $ 20 per piece $ 400 20 pieces of item Y @ $ 5 per piece 100 Shippingcharges 40 Discount -80 Total $ 460 Total cost of above shipment of goods is Dh 2,300 which is made up of Dh. 2,070 representing cost of transferring the above invoice amount of $460 and the balance of Dh 230 represents other direct costs You are required to calculate the landed cost in Dirhams for ONE PIECE of item X.
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