Answer Posted / shafiullah
credit note
A form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyer's account.
A credit note is issued in various situations to correct a mistake, such as when (1) an invoice amount is overstated, (2) correct discount rate is not applied, (3) goods spoil within guaranty period, or (4) they do not meet the buyer's specifications and are returned. Also called credit memo.
debit note
A debit note is a bill.
You need to pay for something.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
what is a depository?
what is participation right is it a debt? or not?
cash sales and credit sales both are asset or liability?
What is corporate restructuring?
Name some errors which can be detected by Trial Balance
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
Short Answer on ___________Appreciation
How to answer for the question, tell me about ur project? I mean in which format can i say?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
give the details of overheads which are not included in costing
what is the meaning of input vat & out put vat?
