Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2010
what do you mean by debit note ?
For which purpose we are issued debit note?
For which purpose we are issued debit note?
25 November 2010
It is a note issued to intimate a party that his account is debited in the books of the issuer for the reason specified therin
& therefore requesting the party receiving the note to make a corrosponding credit in his books.
eg. if, after an invoice of supplier is accounted in books, the goods pur from him are found short or defective,
a debit note will be issued to intimate him that w his account is debited in our books for the shortage or defect that we wont pay him.
& therefore requesting the party receiving the note to make a corrosponding credit in his books.
eg. if, after an invoice of supplier is accounted in books, the goods pur from him are found short or defective,
a debit note will be issued to intimate him that w his account is debited in our books for the shortage or defect that we wont pay him.
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2010
Thanks.
Can i get the example ?
Can i get the example ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
