Home
Class 11
ACCOUNTS
What is a debit note?...

What is a debit note?

Text Solution

Verified by Experts

A debit note is prepared by the purchaser when goods are returned by him. It is called a debit note because the partys account is debited with the amount written in it.
Promotional Banner

Topper's Solved these Questions

  • BOOKS OF ORIGINAL ENTRY - SPECIAL PURPOSE SUBSIDIARY BOOKS

    DK GOEL|Exercise OBJECTIVE TYPE QUESTION Match|1 Videos

  • BOOKS OF ORIGINAL ENTRY - SPECIAL PURPOSE SUBSIDIARY BOOKS

    DK GOEL|Exercise Choose the best Alternate|18 Videos

  • BOOKS OF ORIGINAL ENTRY - SPECIAL PURPOSE SUBSIDIARY BOOKS

    DK GOEL|Exercise ADDITIONAL QUESTIONS|6 Videos

  • BASIC ACCOUNTING TERMS

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|7 Videos

  • BOOKS OF ORIGINAL ENTRY -CASH BOOK

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|10 Videos