what is Debit note and Credit Note ?

Answer Posted / prasadgoud

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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?

1782


Expand---------TDCB

1435


What do you think you do well?

14215


A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in

1526


what is cnc machine hour rate? how it is calculated?

4533






i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.

1817


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1455


what are the types of provisions that you would make for the end of a financial year?explain

1492


define accounting,scope of account , types of account ?

3085


Expand---------ODMT

2046


Can anyone mail journal entries for me? my Mail id rukmini@live.in

1436


How the sub ledgers(AP, AR) integrate with GL liability and receivable

1539


What is the use of final account?

1408


What is Mean By FRS for HQ reporting, How To Prepare?

1627


what is the nature of bill receivable and consignmenta/c

1996