Register now or log in to join your professional community.
Debit notes are used to debit account of customer or supplier. if you have received debit note from someone it's mean that it's debit note payable to you. to whom you have received this debit note is the person how has debited your account and you are liable to pay it or adjust it. its your liability.
agree with all answers
thank you
Debit notes payables are reductions to payables. Debit notes payables are accounted for goods returned and payables are reduced by the corresponding amount.
I do not have established the right to postpone the settlement of obligations of at least twelve months from the balance sheet date.
A debit note is a document issued by a seller to a buyer reports of an amount due by it to the seller. A provider issues a debit note to a customer when the account of the customer of the supplier's debtor, that is to say when the customer owes money to the supplier.
Just to decrease payable balance with required adjustment.
A note payable is a written promissory note payable agreements a borrower obtains a specific amount of money from a lender and promise to pay it back with interest over a predetermined time period.On the other hand,A document used by a purchaser to inform a vendor of the quantity and dollar amount of goods being returned and requesting that the dollar amount be returned to the purchaser.That's all
agree with answers ............................................