Question :

A ‘credit note’ is sent by ________ to ________


A) Seller buyer
B) Buyer seller
C) Customer seller
D) Creditor seller

Answer : A

Description :


A credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the goods returned by the buyer.


Related Questions - 1


Goods returning to a Creditor after challan but before bill we need to pass


A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In

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Related Questions - 2


Which of the following is not compulsory to create while entry in Accounts with Inventory


A) Stock Groups
B) Stock Items
C) Stock Categories
D) Units of Measure

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Related Questions - 3


Which of the following equation is true for balance sheet


A) Assets = Liabilities + Capital
B) Liabilities = Assets + Capital
C) Capital = Assets + Liabilities
D) All of these

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Related Questions - 4


Which file in tally is used to record the import activity


A) Tally.dat
B) Tally.ini
C) Tally.imp
D) None of the above

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Related Questions - 5


What is the predefined number of groups in tally


A) 16
B) 28
C) 128
D) 228

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