When debit and credit note has been made?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What is your opinion about Debit and Credit Note in Sales Tax Law?
Posted by:
Muhammad Zain
09-April-2018

Journal Entries

Question added by niraj jha
Date Posted: 2016/03/06

Upvote (0) Views (3) Followers (4) Answers (3) Report Question

Write an Answer
Register now or log in to answer.

3 Answers

by abood omar , Account Manager , Altawafok corner Est.- Alessa Trading co.- Latin Trading co.

To adjust A/C Receivables or A/C payable without any cash flow

Upvote (0)

Downvote Reply () Report

Jaana Savolainen

by Jaana Savolainen , Finance assistant , Turvatiimi Oy, Finland

Credit note is made when there has been incorrect billing which has to be corrected.

Upvote (0)

Downvote Reply () Report

by Raza Mahmood , Senior Accountant / Credit Controller , CE Holding

whenever you need to adjust the balances for Clients and Suppliers..

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Software Engineer Jobs Accountant Jobs Sales Manager Jobs

Write Your Answer

More Questions Like This

Two shops one head office for payments/credits?
Top Answer: <p> If you are dealing with the shops sub write and getting collection from the shop you have to cr ... See More

Answers (2)
How to effect a Sales Return (partial), when the purchase is effected through "pos"installed in the sales outlet? Customer is insisting cash payment.
Top Answer: <p>Sales return, even if customary, is limited to the original mode of payment. In this case, as th ... See More

Answers (1)
What is the difference between debit note and credit note? What is the treatment for debit note and credit note in accounting process?
Top Answer: When the purchaser returns the goods to the seller the Purchaser sends a Debit Note to the seller (ie. th ... See More

Answers (16)
Source document for sales returns is a ? a) Debit note b) Credit note c) Source note d) Journal
Top Answer: <p>credit note</p> See More

Answers (23)