Who has to prepare credit note and debit note? whether the
account department or the concerned department like,
purchase department, sales department.

Answer Posted / lucky

THE CREDIT NOTE OR DEBIT NOTE RELATE TO PURCHASE RETURNS N
SALES RETURNS .DEBIT NOTE CREATE PURCHASE DEPARTMENT N
CREDIT NOTE SALES DEPARTMENT,SOME COMPANIES THIS TO CREATE
ACCOUNTANT.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.

1839


What is fitting and fixtures?

1719


Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx

2301


What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

2941


Explain the term account payable?

605






What is "deposit in transit"?

797


Define bills receivable?

750


Explain what is liabilities and what all does include in current liabilities?

648


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1509


WHAT ARE THE MOST ELEMENTS OF YOUR JOB?

1494


In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1396


Please would you provide me with a defenition of Cycle count tolerance ? Thank you

1514


what is the due date of 28th feb

1861


my question is I am finance student I want to know which type of the question are asked by the interwier in interview.

1591


"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

1391