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The debit note is a document a buyer uses when returning the goods purchased to the seller. When the goods we received from the supplier have some defect or different goods are received rather than the one we actually ordered, the debit note is issued from the buyer to the seller. In this case, the amount payable from buyer to seller decreases. The buyer gives a debit note to the seller which provides the details of the amount decreased. The buyer is required to state the reason for the same in the debit note.
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0:00 Introduction PF Return
0:15 What is Debit Note
1:04 Debit Note (Item Invoice)
2:28 Effect of Debit note in ledger
3:52 Debit Note (Voucher Mode)
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