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Debit note and credit note

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2011 Hi sir,

Can you please explain what is a debit note when seen from accounts payable?

and when should an entity recieve or raise a debit note.

12 November 2011 DEAR IN CASE OF ACCOUNTS PAYABLE AS REFER TO CREDITORS,DEBIT NOTE IS REFER TO A CERTIFICATES THAT WILL BE REDUCE THE BALANCE OF CREDITORS.

IT IS RAISED AT A TIME OF MISMATCHING OF PO AGREEMENT OR TERM AND CONDITION WHERE YOU DOES NOT WANT TO PAY YOUR CREDITORS.



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