wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Answer the following question in One sentence each.
Write the meaning of Credit Note.

Open in App
Solution

It is an intimation sent to a person dealing with the business that his account is being credited for the purpose indicated therin. In other words, it is a document which is prepared to give credit if less credit is given earlier or to cancel the wrong debit or extra debit given, is called credit note.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Goodwill
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon