Debit/credit note

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2012 We Paid advance money to party. Transaction was cancelled. so creditor ll return the money. Will they issue credit Note or debit note?

Fundamentally wat are credit note & debit nore

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

11 February 2012 Since there is no sales / purchases involved, question of credit / debit note doesn't arise.

Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2012 sir

what if import was made and subsequently re exported and inventory was never part of books.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

12 May 2012 As the name signify debit note is issued to a party when his account has been debited by us.

A credit note is issued when the account of the party has been credited by us.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sunder Sadani

Ravikumar

Konijarala prasad

CA K GIRIDHAR

Titus

Subscribe Now

Debit/credit note

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior Executive

Accountant

GST CONSULTANT

CA Final

Manager- Finance and Compliance