Answer Posted / joginder singh
. 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 ? | 17 Yes | 1 No |
Post New Answer View All Answers
What are the 4 types of ppe?
what is differnce between balance sheet of a bank & a company
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
How did you chose your university?
Can you name different branches of accounting?
Do you know what is balance sheet?
Is it possible contra entry in SAP FICO
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
what is the procedure to appoint an Austrlian citzen as indian company director...
How can you explain the basic accounting equation?
HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER
What is good accounts Process & Execution capabilities?
Do you use social media to identify prospects?
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
What is a cpa?