- Debit note is made by the purchaser / buyer and send to the seller.
- Debit note contains the details like the amount he will receive from seller and quantity of goods returns, discounts of products when purchase, etc.
- Debit notes are generally used in business -to-business transaction.
When Customer / Purchaser Issues Debit Note ?
- When the buyer's account is overcharged , He sends a debit note to the seller.
- When the buyer / Customer returns the goods to the seller purchased by him.
Examples :
