why debit notes and credit notes are passed?

Answer Posted / umesh tayal

When we purchase any item or thing in company or others,
then we check the bill quantity & amount, with actual rece.
material. If we find any difference in that than we passed
debit notes or credit notes. We check the bill rate with
Purchase order rate and when we found any difference than
we make debit note or credit note

Is This Answer Correct ?    45 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Up to what time we can show TDS Receivables under Advance Income Tax A/c?

1557


Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?

1568


What is miscellaneous expense and when it is used

1683


what is GL Balance

1848


What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????

1895






would gross expenditure vouch the correctness or otherwise of the given expenses?

1591


what are responsibilities of an accountant in a company?

1614


In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

1571


is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?

1599


AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

1736


Expand---------TDCB

1435


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

2081


What is back value adjustment/correction in Nostro Reconciliations?

7193


about tally erp9

2783


what is Journal Entries?

1660