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Accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2010 what do you mean by debit note ?
For which purpose we are issued debit note?
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CA Punit

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CA Punit (Expert)
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.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2010 Thanks.
Can i get the example ?
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