Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 20 - No. 48)
What could result in the issuance of a 'debit note'?
A customer returning damaged goods
An overcharge on an invoice
A price adjustment
The supplier issuing a refund
Explanation
Debit notes are issued for returned or damaged goods, or for price adjustments (reducing the debt).
Comments (0)
