What is credit note ?

Question

Accepted Answer

A credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account.

It is issued when goods are returned by the buyer or when there is an overpayment by the buyer.
It serves as a proof of the credit made to the buyer's account.
It includes details such as the buyer's name, date of issue, reason for credit, and the amount credited.
It is used to adjust the buyer's account balance and can be used as a reference for future transactions.

Accepted Answer

Credit note is receipt of money receive to seller from buyer

Accepted Answer

credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account.

It is issued when goods are returned by the buyer or when there is an overpayment by the buyer.

It serves as a proof of the credit made to the buyer's account.

It includes details such as the buyer's name, date of issue, reason for credit, and the amount credited.

It is used to adjust the buyer's account balance and can be used as a reference for future transactions.

Accepted Answer

Documents Issued for Returning of Inventory from Customer due to Defective of Inventory

Accepted Answer

Credit notes means sales return. Credit note issued by seller to buyer

Accepted Answer

A credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account.

It is issued when goods are returned by the buyer or when there is an overpayment by the buyer.
It serves as a proof of the credit made to the buyer's account.
It includes details such as the buyer's name, date of issue, reason for credit, and the amount credited.
It is used to adjust the buyer's account balance and can be used as a reference for future transactions.

Accepted Answer

a letter that a shop gives you when you have returned something and that allows you to have goods of the same value in exchange

Accepted Answer

A credit note is a document issued by the supplier in the following cases:

- When a supplier requires to decrease the taxable value of a supply.

- When a supplier requires to decrease tax charged in an invoice.

- When goods or services supplied are returned or found deficient by the recipient of the goods or services.

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