12 September 2017
while fitting the opening balances what and all should consider only balancesheet of balancesheet and profit and loss account should consider
14 September 2017
Debit Note is issued by the purchaser, at the time of returning the goods to the vendor, and the vendor issues a Credit Note to inform that he/she has received the returned goods i.e if you sold the goods and the afterwards the buyer return the goods to you than you don't give him money rather you give him credit note of the same value & say him that the amount will be adjusted next time when he purchase the goods.
CAclubindia
