Accounting for IGCSE & O level - Accounting Procedures (Section 11 - No. 38)
What would be the accounting impact of a debit note sent to a supplier?
Debits the supplier's account.
Credits the supplier's account.
No impact on the supplier's account.
Debits the company's cash account.
Explanation
A debit note informs a supplier that a company is reducing its payable amount due to an error.
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