why debit notes and credit notes are passed?
Answer Posted / mustafa
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 ? | 10 Yes | 8 No |
Post New Answer View All Answers
where is suspense entry is entered in tally erp9
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
Short Answer on __________Leverage
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
define bank Draft
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
what is non stock?
how to maintain stock if any entry mismatch pllzz tell me short cut
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
Expand-------URM
Should I have perfect credit score, that is, above 800 credit score?
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
please give me a last 10 years sbi clerk question and answer paper
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