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Can we issue a debit note in which no goods are returned back to suppliers?

A/c entries 272 views 2 replies

hello all, i am having a question regarding accounts. i want to know, being a trader, can i issue a debit note in which i do not send back any goods to my supplier?. the debit note amount will consist of either rate difference of products or discount amount.

for example: Mr. A supplies goods to Mr. B for Rs. 100000. Mr. B wants to deducts 10% discount and Mr. A agrees upon it. Can Mr. B issue a debit note of Rs. 10000 against discount deducted?

please reply. Thanks.

Replies (2)
Debit notes may be issued either for rate difference or goods return
moreover we issue debit note to supplier for acknowledging that we will be paying him less amount than billed.

hope this helps
If it's rate difference or discount then You can receive Credit Note from Your Supplier...


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