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acca accounting students studying for the exam

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News Feed : Apr 17, 2014

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Comment by 9jabook.com on February 10, 2014 at 8:56am

A form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyer's account.
A credit note is issued in various situations to correct a mistake, such as when (1) an invoice amount is overstated, (2) correct discount rate is not applied, (3) goods spoil within guaranty period, or (4) they do not meet the buyer's specifications and are returned. Also called credit memo.

Read more: http://www.businessdictionary.com/definition/credit-note.html#ixzz2...

Comment by 9jabook.com on February 10, 2014 at 8:55am

A Sale is a sale whether credit or cash 

Comment by 9jabook.com on January 29, 2014 at 7:05am

Profit & loss account = cost of sales  - cost of goods sold !

Balance Sheet = Stock the cost of Goods purchased but not sold ! 

Comment by james on July 21, 2008 at 1:26pm
this is going to help alot of 9ja if we ca\n be more extra ordinary effective..........

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