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 ?
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