Credit Note

Credit note is a form or letter mailed by a supplier to a purchaser, describing that a definite amount has been credited to the purchaser’s account. A credit note is supplied in a variety of circumstances to accurate a mistake

Sales Returns Book

Sales Returns Book: Learning Objectives: Define and explain sales return book. What is a credit note? Prepare a sales returns book and post into ledger. Definition and Explanation: Sales returns book is also called returns inwards book. It is used for recording goods returned