Assistant Accountant Question: Download Questions PDF
Tell me what is the adjustment entries made while preparing the final accounts from the Trial Balance?
Answer:
☛ Debit note is an intimation sent to a person dealing with the business that his account is being debited for the purpose indicated therein. It is a note made out with a carbon duplicate. The original one is sent to the party to whom the goods are returned and the duplicate copy is kept for office record.
☛ Credit note is an intimation sent to a person dealing with the business that his account is being credited for the purpose indicated therein.
☛ Credit note is an intimation sent to a person dealing with the business that his account is being credited for the purpose indicated therein.
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