Answer Posted / amit kumar tiwari

Credit Note- or credit memorandum (memo) is a commercial
document issued by a seller to a buyer. The seller usually
issues a Credit Memo for the same or lower amount than the
invoice, and then repays the money to the buyer or sets it
off against a balance due from other transactions.


Debit Note- proves that a debit entry has been made to a
debtor's or creditor's account. A customer or supplier can
be debited for variety of reasons such as purchase return,
wrong quantity or quality of product, rate difference,
discount, commission, etc.
When goods are returned to the supplier, a Debit Note is
made out of his name. But if you want to record the stock
also (in case of Purchase Return) then you must
enter 'Purchase Return' voucher 'Purchase'.
For rest of the cases (where stock is not affected) you can
prepare a Debit Note.

Debit Note
Sohan Account Dr. 5000.00
To Purchase Return Account 5000.00
(Being goods return to sohan as per debit note No………….)

Credit Note
Sales Return Account Dr. 20000
To viky 2000.00
(We receive our soled good as per credit note and enter in
credit)

explain me what steps would you take to increase revenue for this company?

963

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our cheque to Arshad Khan was dishonored?

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I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1898

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Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

1738

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What are the advantages & disadvantages of double entry system?

1139

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In South Africa , the current rate for value added tax is ?

1660

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In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

2171

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Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

997

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Define a company's payable cycle?

1168

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sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

1296

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What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

2047

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How to post advance paid to a supplier in oracle jd edwards

1657

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What is the difference between Accruals and Provisions?

1579

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What is cost accountancy? What are the objects of cost accountancy?

992

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IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

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