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Question
While returning goods to the suppliers, a statement called "_________" which is sent to them for their information. It informs the supplier that his account has been debited to the extent of the value of the goods returned, it contains the name and address of the supplier, the description of the goods returned etc.
While returning goods to the suppliers, a statement called "_________" which is sent to them for their information. It informs the supplier that his account has been debited to the extent of the value of the goods returned, it contains the name and address of the supplier, the description of the goods returned etc.
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Solution
The correct option is C debit note
A debit note or debit memorandum is a commercial document issued by a buyer to a seller as a means of formally requesting a credit note. Debit note acts as the Source document to the Purchase returns journal. In other words it is an evidence for the occurrence of a reduction in expenses.
A debit note or debit memorandum is a commercial document issued by a buyer to a seller as a means of formally requesting a credit note. Debit note acts as the Source document to the Purchase returns journal. In other words it is an evidence for the occurrence of a reduction in expenses.
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