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
Fundamentally wat are credit note & debit nore
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.
what if import was made and subsequently re exported and inventory was never part of books.
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.
A credit note is issued when the account of the party has been credited by us.
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