Question

When the goods are returned to the supplier, a ______ is sent to him.

• A. Credit note
• B. Debit note
• C. Thank you note
• D. All of the above

Answer 1

Answer: (B)

Debit note

Debit note is prepared for every return of goods. It is prepared in duplicate. The original one is sent to the supplier while the duplicate copy is kept for our own records.

The Debit note contains the name of the supplier, details of goods returned and the reason thereof. Each debit note is dated and serially numbered.