Debit note & credit note
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2013
Dear Sir
Please all detail Debit note & Credit note
Please all detail Debit note & Credit note
19 September 2013
Debit note is a note sent by one party to another informing him that his account is debited in the sender's book.
Debit note contains details as to why the party is debited and the amount of debit.
Debit note requires an acknowledgement from the receiver by a credit note.
Debit note is usually typed or written in blue ink.
Debit note can be sent by buyer when he is overcharged.It can be sent by buyer when he returns back the goods. It can be sent by the seller when he has undercharged the buyer.
The effect of a debit note is that the debit account gets more debited and credit account gets reduced.
Credit note is a note sent by one party to another informing him that his account is credited in the sender's book.
Credit note gives details as to why the party is credited and the amount of credit.
Credit note requires an acknowledgement from the receiver by a debit note.
Credit note is usually typed or written in red ink.
Credit note can be sent by the seller when he has overcharged the buyer.
It can be sent by the seller when he receives back the goods.
It can be sent by buyer when he has been undercharged.
The effect of a credit note is that the credit account gets more credited and debit account gets reduced.
Debit note contains details as to why the party is debited and the amount of debit.
Debit note requires an acknowledgement from the receiver by a credit note.
Debit note is usually typed or written in blue ink.
Debit note can be sent by buyer when he is overcharged.It can be sent by buyer when he returns back the goods. It can be sent by the seller when he has undercharged the buyer.
The effect of a debit note is that the debit account gets more debited and credit account gets reduced.
Credit note is a note sent by one party to another informing him that his account is credited in the sender's book.
Credit note gives details as to why the party is credited and the amount of credit.
Credit note requires an acknowledgement from the receiver by a debit note.
Credit note is usually typed or written in red ink.
Credit note can be sent by the seller when he has overcharged the buyer.
It can be sent by the seller when he receives back the goods.
It can be sent by buyer when he has been undercharged.
The effect of a credit note is that the credit account gets more credited and debit account gets reduced.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2013
Thanks Sir
19 September 2013
Welcome..........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
