Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 28 - No. 46)
What is the primary function of a debit note?
To request payment for goods supplied
To record an overcharge on an invoice
To notify the customer of a debt owed
To claim the refund for returned goods or a price adjustment
Explanation
A debit note is issued to reduce the total amount owed by the customer (usually to account for damaged/returned goods).
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