Debit note
NIRAJ SHUKLA (student) (39 Points)
15 January 2013
what is debit note...and in practicle life why it being use...means purpose of use
2 Replies
Rahul Sharma
(Be Always Positive)
(1603 Points)
Replied 15 January 2013
proper definition of Debit Note is that a document issued to a party stating that you are debiting their Account in your Books of Accounts for the stated reason or vise versa. It is commonly used in case of Purchase Returns, Escalation/De-escalation in price, any other expenses incurred by you on behalf of the party etc.
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