Which of the following condition would attract credit and...
Which of the following condition would attract credit and debit notes to be used?
When goods are received from supplier
When a trial balance is extracted
When a buyer is under or over charged
When goods are sold to a buyer
Correct answer is C
Debit note is usually issued by the purchaser andcredit note is usually issued by the seller. But debit note can be issued by the seller when the buyer erroneously records more and credit note can also be issued by the buyer when the seller undercharges the buyer.
The source of funds available to a local government/district assembly includes ...
In the period of rising prices, which method of stock valuation is most appropriate? ...
Which of the following expenses is apportioned between departments based on sales? ...
Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR...
Which of the following is a form of memorandum of association? ...
Payment for shares in installments is done by means of ...
The discount column on the left-hand side of cashbook represents a discount ...
The authorized capital of city entertainment company is made up of 200,000 212% prefere...