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Stationary/ Food Supplies

Source docume...

Question

Source document on the basis of which Purchase Return Book is prepared is ___________.

A

Credit note

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B

Debit note

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C

Cash memo

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D

Credit memo

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Solution

The correct option is B Debit note
When a buyer returns goods to the seller, he sends a debit note as an intimation to the seller of the amount and quantity being returned and requesting the return of money. A debit note is sent to inform about the debit made in the account of the seller along with the reasons mentioned in it.

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Q. Source document on the basis of which Purchase Book is prepared ____________.

Q. Source documents on the basis of which Sales Return Book is prepared is known as ____________.

Q. Write the most appropriate word or phrase which can substitute each of the following:
A source document on the basis of which the purchases returns book is prepared.

Q. Select the most appropriate alternative.

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(b) Cash memo
(c) Cash voucher
(d) Petty cash voucher

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