what is credit note and debit note?
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Answer / eman
Debit Memo :- It is a sales document used in complaints
processing to request a debit memo for a customer. If the
prices calculated for the customer were too low, for
example, calculated with the wrong scaled prices, you can
create a debit memo request. The debit memo request can be
blocked so that it can be checked. When it has been
approved, you can remove the block. It is like a standard
order. The system uses the debit memo request to create a
debit memo.
Credit Memo: - A transaction that reduces Amounts
Receivable from a customer is a credit memo. For eg. The
customer could return damaged goods. A debit memo is a
transaction that reduces Amounts Payable to a vendor
because, you send damaged goods back to your vendor.
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / sri
Credit Note means sales return
Debit Note means purchase return
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / krishna dey
Debit means Good.
Credit means Bad. (that it)
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / dharmesh sati
Debit Notes is use for if company's has make short bill to
the customer. When you have make some expense on behalf of
other & you want to remburse the same that you have to
issue Debit notes instead of Revenue Invoice because this
is not you business Income you are only midiator.
Credit Notes is use for excess billing to the customer or
provide discount to the customer.
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / anamika sheoran
if we are sale of rs.10000 of 10 quanitiy and custome paid
rs. 10000 but after received we know that per quantity
price is 11 rs. so we will issue the debit note of rs. 1000
against to customer.this time our dr. is increse so issue
dr note from our side and customer side creditor incresed
so he will issue credit not.
| Is This Answer Correct ? | 1 Yes | 6 No |
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sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?
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